| Iran hopes its crude oil exports will be back to the pre-sanctions level of 2.5 million barrels per day (bpd) and the oil price to rise to around $80 a barrel by end of 2016, according to Iran’s Deputy Oil Minister Rokneddin Javadi.
"It depends on the market situation and price level, but we will come back to the traditional trade that we had before," Javadi said, Reuters reported on Monday. Asia could take more than 50 percent of Iran's exports, he added. This can happen in three to six months once a deal with major powers to lift the oil embargo is finalized, the minister said...............................................Full Article: Source
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