Iran prepares to raise oil production as Biden presidency nears
Iran is preparing to raise oil exports in a sign the Islamic Republic expects the US to ease some sanctions under a Joe Biden presidency.
Tehran will take measures “to prepare resources and oil-industry equipment for the production and export of oil in line with current capacity within the next three months,” according to President Hassan Rouhani’s official website.
Rouhani said that after a 2015 nuclear deal with the U.S. and European powers, Iran was able to lift overseas sales to 2 million barrels a day. “We’re ready to quickly raise oil production,” he said.
