Iran’s oil Minister Javad Owji on Thursday said that the country’s production has reached pre-sanction levels.
According to Qwji, Iran has been able to find new customers and markets, using different methods in oil contracts, and making use of highly qualified experts in the field.
“The current oil production capacity has reached the pre-sanctions era, meaning the daily figure of over 3.8 million barrels,” he said.
Last month, the Iranian oil minister said the country had managed to increase its oil sales and receive all the revenues despite intensified pressure from Washington to halt the sales by trying to seize Iranian oil tankers.
“We took oil to the places the Americans cannot even think of,” he added.
Negotiations are ongoing to revive a 2015 agreement that would see Tehran give up its ambitions to develop nuclear weapons in exchange for the removal of US sanctions on its economy.
The US left the deal in 2018 in pursuit of a confrontation policy against Iran. Washington called the policy the “maximum pressure” campaign and vowed to bring Iran’s oil exports to zero.
A deal would return Iranian crude oil to global energy markets in the months ahead, helping to offset market turmoil and price spikes in the wake of wide-ranging sanctions on the Russian economy following the invasion of Ukraine.
