Expert: Iran can enter the market with 400 thousands of barrels per day

Expert: Iran can enter the market with 400 thousands of barrels per day


The lifting of sanctions will allow Iran to enter the market with an additional 400 thousands barrels per day, said senior Director of the consulting group IHS Energy Jamie Webster, noting that these volumes can be quickly increased.

WASHINGTON, 28 Jan –. Iran as a result of lifting of sanctions can immediately enter the market with an additional 400 thousands barrels per day, then these amounts can quickly double, said, speaking at the Atlantic Council on Thursday, the senior Director of the consulting group IHS Energy Jamie Webster.

“We will see more professionalization of Iran. And more stress for the market. We will see the delivery of additional 400 thousand barrels a day and double these supplies,” he said.

Sanctions against Iran were lifted on January 16 immediately after the announcement in Vienna about the beginning of the implementation of the nuclear agreement between Tehran and the “six” international mediators (the five permanent UN security Council members and Germany).

Earlier, the Iranian government announced that it was ready to increase oil production by 500 thousand barrels per day after sanctions are lifted.

According to Bloomberg, this is slightly less than it sold in Europe before the sanctions in 2011 (665 thousand barrels per day) and slightly more than a third from its current production levels. For comparison, countries such as Saudi Arabia, the US and Russia each produce about 10 million barrels per day.