Iran decided to increase oil exports to 2 million barrels a day

The economy Minister of Iran Ali Tabina stated that soon Iran will increase oil sales to 2 million barrels a day, according to Reuters.

“After taking appropriate steps and, after the return of Iran to the oil market, it is expected that sales of Iranian oil will soon return to 2 million barrels per day,” said the Minister. Ali Tayebnia quoted by news Agency Shana.

According to the Agency Bloomberg, in 2011, Iran produced about 3.6 million barrels a day. In 2012, when it began operating ban on oil exports from Iran, oil production has plummeted to its lowest in 25 years 2.7 million barrels per day. In 2015 the volume of oil production in the country averaged about 2.8 million barrels per day. Devoid of access to Western consumers, Tehran was selling small volumes of oil companies from China, India, Japan, South Korea and Turkey.

According to preliminary data of the Geneva company Petro-Logistics SA, after the lifting of sanctions, which happened in January. in February of this year Iran exported about 1.4 million barrels of oil per day, up by 350 thousand barrels per day from the average level of 2015. In a conversation with Bloomberg Director of Petro-Logistics Daniel Gerber, predicted that Iran will increase its exports to 500 thousand barrels per day in March.

Late last night in the port of Algeciras in southern Spain came the Monte Toledo tanker with 1 million barrels of Iranian oil. He became the first tanker of Iranian oil, which came to Europe after the withdrawal from Tehran of Western sanctions