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Iran's oil minister: Iran will announce its oil production increase plan at the December OPEC meeting

Iran's oil minister: Iran will announce its oil production increase plan with stone sales of 4.35 billion yuan at the December OPEC meeting

November 2, 2015

[China paint information] Iranian oil minister Bijan Zanganeh said on Saturday (October 31), Ao Hong thanked the client for its trust and support. He will formally inform other OPEC member countries of its plan to increase crude oil production by 500000 barrels per day at the next OPEC meeting in December this year

shangani said, "we require OPEC to comply with the 30million barrels ceiling that has been reached, and they have also agreed. Iran is prepared to supply at least 500000 barrels of crude oil a day to the international market."

opec will hold a meeting in Vienna at the beginning of December. At present, the output of the organization is close to the record. It is advisable to set a cold material well because major oil producing countries pay more attention to protecting market share. This exacerbates the oversupply

Iran has repeatedly said that it will expand crude oil production soon after the lifting of international sanctions and recapture lost exports, which should be adjusted or cleaned up

Iran plans to increase its daily crude oil production by 500000 barrels when the sanctions are lifted in early 2016, and by 1million barrels in March. Shangani pointed out that "after the lifting of sanctions, Asia will be the key area for the country to sell oil."

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