Iran Nuclear Deal Eased Oil Export

Following the deal, the country has raised oil and gas condensate production by about 1.4 million barrels per day and increased exports by 1.18 mbpd
Iran’s gas exports will soon reach 60 million cubic meters per day.Iran’s gas exports will soon reach 60 million cubic meters per day.

As long as Iran exports crude oil without any problem, receives the revenues easily and finances energy projects, the nuclear deal, formally known as Joint Comprehensive Plan of Action, will remain valid in the oil industry, the Oil Ministry’s deputy for international affairs said.
“Adherence to the pact means Iran is able to purchase oil industry equipment from international markets with ease and Iranian ships and tankers do not face barriers in carrying freights,” Amirhossein Zamaninia was also quoted as saying by IRNA on the sidelines of the Sixth Iran-Europe Banking and Trade Conference in Tehran on Saturday. 
“The deal is said to be under pressure, while many other international agreements are under pressure; even the US President Donald Trump himself is under pressure,” he added.


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