Middle East

Iran ready to supply required oil for world market: NIOC head

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Tehran: Mohsen Khojasteh Mehr, head of the National Iranian Oil Company (NIOC), has said that his country is ready to supply the required oil for the world market and stabilise prices.

The government has made every effort to regain Iran’s oil share in the market and to increase it, Xinhua news agency quoted Mehr as saying to local media.

“Necessary measures are being taken for the sanctions and post-sanctions time” for Iran to return to the world market, he was quoted as saying.

Iran’s position in supplying the world with oil is special, the NIOC chief said, adding that European refiners were confident that Tehran is a sustainable supplier of energy.

“At the NIOC, we are ready to meet the needs of the European companies, along with other companies,” he noted.

Iran is fully prepared to supply whatever the market wants from Iran’s oil, Mehr stressed.

Iran’s oil industry and its exports have been under US unilateral sanctions since summer 2018, after the former President Donlad Trump withdrew from the 2015 nuclear deal.

This post was last modified on March 12, 2022 11:31 am

Indo-Asian News Service

Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.

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