A security personnel looks on at oil docks at the port of Kalantari in the city of Chabahar, east of the Strait of Hormuz in this January 17, 2012 file photo. Iran is taking steps to ramp up oil exports ahead of an end to U.S.-led sanctions, extending crude contracts with its top two Chinese buyers into 2016 and starting talks with other potential buyers there, sources involved in the talks said. Previously OPEC’s No.2 exporter, Iran is keen to recoup oil market share lost during U.S. and European Union sanctions over its nuclear program and is aiming to boost oil output by 500,000 barrels per day (bpd) – equal to about 50 percent of current exports – in early 2016. Sinopec Corp, Asia’s largest refiner, and Chinese state trader Zhuhai Zhenrong Corp will together lift around 505,000 barrels per day (bpd) of crude from Iran in 2016, the […]