Iran sees rise in oil output, exports amid promising nuclear talks
Iran has seen a surge in its production and exportation of oil and gas since 2021 as the country works to revive the Iran nuclear deal.
The speedy recovery of the country’s energy sector, despite the fact that anti-Iran sanctions are still in place, is mainly driven by the promising prospect of the ongoing nuclear talks in Vienna, Xinhua news agency reported.
Iran’s oil exports, which had fallen sharply under Western sanctions from 2012 to 2015, resumed their upward trend in 2016 after the signing of the Joint Comprehensive Plan of Action (JCPOA) in 2015. Iran’s oil exports averaged 2.5 million barrels per day in 2017, up 200,000 barrels as compared to 2016..
