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Home International Customs

Iran oil exports are back to pre-sanctions levels

byCT Report
26/09/2016
in International Customs
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TEHRAN: Iran is exporting oil at roughly the same level it was before the introduction of international sanctions that have been lifted under a landmark nuclear deal between Tehran and major powers, U.S. Energy Secretary Ernest Moniz said on Monday.

“Their oil production and oil exports are essentially back to pre-sanctions levels,” Moniz told a news conference on the sidelines of a meeting of the U.N. nuclear agency. “They are exporting the way they were before, and that’s a considerable additional cash flow.”

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