28.12.2015 - Iran will sell oil at plausible prices
Oil minister has refuted the claims that Iran will offer massive discounts to regain the market in post-sanction era. Bijan Zanganeh deemed increased oil exports as Iran’s first priority after the lifting of sanctions; “the exports volume needs to reach a greater amount than before the time of international sanctions,” he asserted. Certain news resources had recently announced that Iran plans to offer large discounts on its crude. “A total of 500 thousand barrels will be added to the volume of oil production in the first few days after the removal of sanctions while a similar amount will be added by the end of the current Iranian calendar year (March 19, 2016),” Zanganeh added...............................................Full Article: Source
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