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No problem with oil sales after sanctions removal: CEO

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Managing Director of National Iranian Oil Company Rokneddin Javadi said on Monday that 500,000 barrels will be added to Iran's oil exports in the post-sanctions era.

Managing Director of National Iranian Oil Company Rokneddin Javadi said on Monday that 500,000 barrels will be added to Iran's oil exports in the post-sanctions era.



Speaking to reporters on the sidelines of the Oil and Energy Seminar, Javadi said Iran has no prolem with oil sales after sanctions are lifted and talks have been held with the traditional European and Asian customers for the purpose.
He said the ground is prepared for an increase in the production and national oil production will increase by 500,000 barrels per day after sanctions are removed.
He added that after removal of sanctions and presence of foreigners in the country, the oil industry will not be run by foreign companies and foreigners should bear in mind Iran's terms for transfer of technology in order to be present in the country.

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