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Iran wants to double its crude oil exports

Iran is prepared to turn up the taps should the demand for crude oil increase. Speaking to Bloomberg, a senior official from the National Iranian Oil Co. says that the country is ready to export four million barrels per day when the market can absorb the volumes.

Photo: Vahid Salemi/AP/POLFOTO

Iran will double its export of crude oil when the market is in a position to absorb it.

The country currently exports around two million barrels of oil from a daily production of USD 3.8 million barrels, but if demand were to increase, Iran is ready to turn up the taps.

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