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2-fold increase in oil exports is result of JCPOA

Managing Director of National Iranian Oil Terminals Company (IOTC) Seyed Pirouz Moussavi said on Sunday that two-fold increase in Iran’s oil exports is among effects of the Joint Comprehensive Plan of Action (JCPOA).

2-fold increase in oil exports is result of JCPOA
(Monday, August 22, 2016) 13:37

Addressing the IOTC Session on Economy of Resistance, Moussavi said the oil industry officials had times before the JCPOA prepared the ground for speedy increase in the oil production and exports after elimination of the sanctions.

He said in line with major and strategic policies of the Ministry of Petroleum, prominently the policies of the National Iranian Oil Company, necessary structures were laid down for increase in the production and marketing and regaining customers.

He added that in light of the JCPOA, Iran managed to use the world’s latest technology and attract foreign capital on its own choice.

He concluded that for the purpose necessary measures have been adopted and the new model of oil contracts can serve as a breakthrough in the way.

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