Iranian Regime Prepares to Increase Oil Exports if the US Eases Sanctions

The Iranian regime has instructed its oil ministry to prepare installations or production and sale of crude oil at full capacity within four months, ahead of a possible easing of US economic sanctions after President-elect Joe Biden formally takes office.

The Iranian regime has instructed its oil ministry to prepare installations or production and sale of crude oil at full capacity within four months, ahead of a possible easing of US economic sanctions after President-elect Joe Biden formally takes office.

According to a Monday report from state media IRNA, Iranian President Hassan Rouhani said that the Iranian regime exported over two million barrels per day before US President Donald Trump exited the 2015 nuclear deal with six powers two years ago and reimposed economic sanctions that have hit the country’s economy by sharply cutting its oil exports.

The state media outlet also said that President Rouhani told Iranian ministers during a Saturday night meeting in Tehran that his government was preparing for a speedy increase of its oil production.

“The Oil Ministry will take all the necessary steps to prepare the oil industry’s facilities to produce and sell – proportionate to the available capacity – within the next three months,” IRNA quoted the Iranian President as saying.


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