Iran's oil minister has hit back at allegations made by two presidential candidates that the government has been selling oil at a massive discount.
Iran ’s oil minister Javad Owji has struck back at allegations that the government has been discounting the price of the oil it exports, saying discounts under the current government were in fact smaller than those during the previous administration. The allegations came from two presidential candidates who said the government was essentially giving away Iran ’s crude, according to a report by bne Intellinews that cited information from the Islamic Republic News Agency.
6 million barrels daily, planned to be expanded further to 4 million barrels daily by the end of the current Iranian year. Last week, Owji also told the media that over the past three years, Iran had increased its crude oil production by 1.4 million barrels per day. During this period, the government launched 150 oil industry projects, worth a total of $34 billion, according to the minister’s remarks from a few days ago carried by the news service Shana.
Crude Oil Oil Minister Discounts Presidents Politics Exports
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