The Traderszone Network

Published in TZ Latest News 3 January, 2016 by The TZ Newswire Staff

Iran says boosting oil exports depends on future demand

A rise in Iran’s crude oil exports once sanctions against it are lifted depends on future global oil demand and should not further weaken oil prices, senior officials were quoted as saying. Oil Minister Bijan Zanganeh said Iran did not plan to exacerbate an already bearish oil market. “We are not seeking to distort the market but will regain our market share,” said Zanganeh, quoted by oil ministry news agency Shana.