Tehran, July 4 (SocialNews.XYZ) Iran will increase its oil production to pre-sanctions level "as soon as possible", the country's Minister of Oil Bijan Zanganeh.
"Whenever the sanctions are lifted, we will return to the market in the shortest possible time and take production at least to its pre-sanctions level," Zanganeh told reporters here.
His remarks came after a video conference of the Organization of the Petroleum Exporting Countries and its partners, collectively known as OPEC+, reports Xinhua news agency.
Iran's determination will not be affected by "any decision" of the OPEC+ regarding production levels, the Iranian minister noted.
The OPEC+ meeting ended on the night of July 2 without an agreement, and members will meet again on Monday over a gradual increase in oil production based on a previous agreement reached in 2020.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz