Iran plans to ramp up its crude oil exports even though negotiations with the United States on its nuclear deal are currently paused. “Good things will happen regarding Iran’s oil sales in the coming months,” the country’s new oil minister, Javad Owji said on Iranian television as quoted by Trade Winds, in the latest demonstration that Iran is pursuing its oil production growth plans despite continued U.S. sanctions. “There is strong will in Iran to increase oil exports despite the unjust and illegal U.S. sanctions,” Owji also said, as quoted by Reuters, adding that “Iran will return to its pre-sanctions crude production level as soon as U.S. sanctions on Iran are lifted.” The U.S. sanctions, reimposed on Iran by the Trump administration and maintained so far by his successor, have decimated Iran’s crude oil production and exports. The latter fell from an estimated 2.8 million bpd in 2018 before […]