Iran is planning to produce 4.5 million b/d of crude oil and condensate in its next year that starts March 21 and export 2.3 million b/d of it if current US sanctions are lifted, state news agency IRNA reported Dec 13. Jafar Ghaderi, a member of parliament’s planning and budget committee, cited oil minister Bijan Zanganeh as saying the target has been set in the country’s budget bill for next year that is currently being debated in the assembly. Zanganeh has noted that the exports target eyes a sanctions-free market for Iran, if the US lifts the restricttions that have blocked Iran’s conventional ways of selling its oil. “The oil minister was asked by deputies whether this oil exports forecast for the next year wasn’t optimistic. He answered, ‘We have considered this figure conditioned to […]