“One of the opportunities created by the JCPOA was the increase in oil exports,” Jahangiri said, referring to the nuclear deal between Tehran and world powers which terminated all nuclear-related anti-Iran sanctions after its implementation in mid-January.
Iran’s oil exports today stand at 1.3 million barrels per day, and will be increased to 1.5 million bpd by mid-March, he said, addressing a ceremony here in Tehran.
This will be increased to 2 million bpd in the coming months, the Iranian VP added, stressing that Tehran should maintain its share of the global oil market.
After the JCPOA, Iran will need $200 billion of investment just in its oil sector, he said.
The remarks came as a senior official was quoted as saying on Saturday that Iran will load 4 million barrels of crude oil on tankers destined for Europe in the next 24 hours, including 2 million barrels to be bought by France’s Total.
“In the coming 24 hours, 4 million barrels of crude oil will be loaded onto 3 tankers destined for Europe,” Rokneddin Javadi, the managing director of the National Iranian Oil Company (NIOC), was quoted as saying by the Shana news agency.
“Of those 4 million barrels of crude, 2 million barrels are assigned to France’s Total, and 2 million barrels have been bought by two companies in Russia and Spain,” he added, according to a Reuters report.