Retaking Iran’s Int’l Oil Market Share a Priority

The priority is to retake Iran's OPEC quota, identify new markets and increase oil sales significantly
Retaking Iran’s Int’l Oil Market Share a Priority
Retaking Iran’s Int’l Oil Market Share a Priority

Strengthening Iran's position in OPEC and retaking its share in the global oil market is among the Oil Ministry’s priorities, new oil minister, Javad Owji, said on Thursday, the first day of his tenure. 
Speaking about the upcoming meeting of the Organization of Petroleum Exporting Countries and its allies, OPEC+, and the return of Iranian oil to the market, he said, “World oil demand is increasing due to vaccination. Undoubtedly, one of our plans is to reinforce Iran's status in OPEC and revive our share of the market,” the Oil Ministry’s news agency Shana quoted him as saying.
Regarding the sale of oil and gas condensate, he added, “Fortunately, good solutions have been devised and by taking advantage of all the capacities available in the Oil Ministry and other related organizations, good figures in the sale of crude oil and gas condensate will be reached.”


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