On July 15, Iran’s state-run oil company said it will attempt to win back its 42-43-percent share of the European market, increasing oil extraction in all of its fields, to reach total output levels of four million barrels per day in 2015.
"The priority for Iran will be cooperation with its traditional importers who are ready to increase their buying quantity and who are ready to offer a good price," Takin said.
Earlier on Wednesday, the National Iranian Oil Company announced plans to increase oil extraction in all of its fields, to achieve output levels of four million barrels per day in 2015, attempting to win back its 42-43-percent share in the European market which it lost after the introduction of sanctions against the country over its nuclear program.
"I think that Iranian oil companies will be able to find the most worthy and profitable customers for themselves. However, given the fact that Iran and Russia have rather close and friendly partnerships on all fronts, it is unlikely that Iranian oil companies will somehow be detrimental to Russia's interests," Takin told Sputnik Persian in an interview.
On Tuesday, a group of international negotiators, including Russia, reached an agreement with Iran limiting the country’s nuclear activities in exchange for the gradual easing of international economic sanctions against it.
Iran has the worlds's fourth largest reserves of crude oil, but its exports decreased dramatically due to the sanctions imposed by the United Nations in 2006 over concerns that Tehran was developing nuclear weapons under the guise of a civilian program.
The National Iranian Oil Company is the world’s third largest oil company after Saudi Arabia’s Aramco and Russia’s Gazprom.
