Parliament Supports Plan for Revival of Iran’s Share in Oil Market

“Officials and the Parliament support the move of the Ministry of Petroleum,” Khojaste told Shana when asked about current government’s mechanism for revival of the Iranian oil market.

The lawmaker said following restrictions as a result of sanctions to pile up economic pressures on the country, Iran’s crude oil exports came across with difficulty, so efforts to revive the country’s lost share in the oil market should be taken as important.

He then described as “constructive” the current plan of government for revival of the country’s share in the oil market and said, “Iran is now exporting more than two million barrels of crude oil per day, hoping that in light of efforts of officials and support of the parliament, we will hit the target.”

Elsewhere in his remarks, Khojaste commented on conclusion of oil deals and said any delay in that connection will be harmful for the country as far as extraction of oil and gas out of the joint fields is concerned.

“So, all should make efforts to check waste of Iran’s share.”

Director of the International Affairs Department at National Iranian Oil Company (NIOC) Seyed Mohsen Qamsari had already told Shana that that Iran’s total export of oil and gas condensates in July was 2,740,000 bpd and gas condensates’ share in the bulk was 600,000 bpd.