IEA: Hard for Iran to ramp up oil exports
11/25/2013 11:42:08 AM
It would be difficult for Iran to revive its oil output to former levels quickly even if international restrictions on its exports are lifted, International Energy Agency (IEA) head Maria van der Hoeven said on Monday.
Van der Hoeven was speaking to reporters in Moscow after Iran and six world powers reached a deal on Sunday to curb Tehran's nuclear programme in exchange for limited relief on sanctions.
"If some oil sanctions relief will happen ... it's unlikely that Iran would be able to jump back to pre-sanctions levels immediately," van der Hoeven said, whose agency monitors oil markets on behalf of developed economies.
Van der Hoeven was speaking to reporters in Moscow after Iran and six world powers reached a deal on Sunday to curb Tehran's nuclear programme in exchange for limited relief on sanctions.
"If some oil sanctions relief will happen ... it's unlikely that Iran would be able to jump back to pre-sanctions levels immediately," van der Hoeven said, whose agency monitors oil markets on behalf of developed economies.