According to the Islamic Republic of Iran News Agency, Iran’s Oil Minister Zangone said on the 14th December that Iran does not need permission to return to the international crude oil market, because Iran believes that it is its own power.
It is possible to return crude oil exports to 2.3 million barrels a day,” Zagné said. “As the Minister of Oil, I will not promise something I can’t do.”
According to a previous report by the Islamic Republic News Agency, Iranian President Hassan Rouhani said on the 9th of this month that Iran plans to expand crude oil exports to about 2.3 million barrels per day in the next fiscal year starting from March 21, 2021.
In May 2018, the United States unilaterally announced its withdrawal from the Iran nuclear agreement, and then put “extreme pressure” on Iran to demand that eight major crude oil buyers in Iran stop buying Iranian crude oil, resulting in a sharp decline in Iran’s crude oil exports.
According to Reuters’ previous reports, Iran’s daily crude oil exports reached 2.8 million barrels in 2018, but now it is less than 300,000 barrels.
On December 2, Iran’s Constitutional Guardian Council passed the “Anti-Sanctions Strategy Act” aimed at lifting U.S. sanctions, which requires Iran to stop implementing the additional protocol to the nuclear non-proliferation agreement within three months after the implementation of the bill if the level of Iranian crude oil exports does not reach satisfactory levels.
