15:49 GMT05 August 2021
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    Tehran has informed OPEC that it was prepared to reenter the oil market once Western sanctions were lifted against the country, Iranian Petroleum Minister Bijan Namdar Zangeneh said Friday.

    VIENNA (Sputnik) – Zangeneh said ahead of the OPEC meeting in Vienna:

    “We don’t need permission from OPEC to return to the market. This is our right, we were limited by sanctions and this is completely normal if we return to the market with the ceiling we had before [the sanctions were imposed].”

    “We will begin increasing production immediately after the sanctions are lifted. I sent a letter to the OPEC countries so that they are ready and review our request to return Iranian oil to the market,” he said.


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    Iran, OPEC, sanctions, Oil
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