Iran Oil After having regained 80 percent of its pre-sanction market share, beating all expectations, Iran now plans to double its exports if market conditions improve, according to Mohsen Qamsari, the director of international affairs of the National Iranian Oil Company (NIOC). Many had believed that Iran would take time to reach its pre-sanction levels, however, Iran has surprised experts by quickly ramping up exports within a short span of time under challenging conditions. Some part of Iran’s success can be attributed to the supply outages, which helped Iran to quickly build its exports. Without the disruptions in supply, Iran would have found it difficult to scale up exports in the oil glut environment. However, it will be an uphill task for Iran to double the exports from current levels because both Libya and Nigeria, both of which are OPEC members, are taking steps to restore production. A combination […]