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Russia urges attention on Iranian oil back to market

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Russia urges attention on Iranian oil back to market

Russian Deputy Prime Minister Alexander Novak called attention to the return of Iranian oil to the world market.

Novak told Sputnik on Monday that there needs to be an understanding of the exact timing and volume limits.

“Of course, this has to be taken into account. Because it affects the balance of supply and demand.

“You just have to understand the return schedule, what the maximum volumes are. But it all depends on when it is done, ”Novak said.

The International Energy Agency (IEA) said in its report on the oil market this month that Iran could increase its oil production to 3.8 million barrels per day by 2022 and become the main source of growth in world oil production if sanctions are lifted.

Deputy Foreign Minister Sergei Ryabkov told Sputnik earlier this month that Russia believes securing the conditions for Iranian oil to return to the global market is one of the key elements of the nuclear deal currently underway. negotiation course.

According to Ryabkov, negotiators in Vienna are focused on the extent to which various sanctions can be lifted and reciprocal steps Tehran could take. (Sputnik / NAN)

(NAN)

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