Iran Says Will Adopt Maximum Crude Output Policy if Sanctions Lifted

  • 9/14/2019
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Iran will adopt a policy of maximum crude production if the United States lifts sanctions on the countrys oil industry, Iranian Oil Minister Bijan Zanganeh said on Saturday. "Maximum production would be the Iranian Ministry of Petroleums policy in case (US) sanctions are eased on Irans oil industry," the ministrys official news website SHANA quoted Zanganeh as saying. Since exiting from Irans 2015 nuclear deal with world powers last year, US President Donald Trump has reimposed sanctions on Iran. He has also introduced other limitations, including threats of sanctions against any country importing oil from Iran, causing a more than 80 percent drop in the OPEC members oil exports. "Our oil industry is alive, it is active. The US sanctions cannot stop Irans oil exports," Zanganeh said. Trump has pursued a policy of “maximum pressure” on Iran to try to force it into broader talks to restrict its ballistic missile program and end its support for proxy forces around the Middle East. But Iran has ruled out talks until all sanctions imposed on it are lifted. European parties to the deal have struggled to calm the deepening confrontation between Iran and the United States.

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