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Iranian minister calls Asian market priority for possible gas supplies from Iran

May 13, 2015, 15:41 UTC+3 BERLIN
In case the sanctions are lifted this year, Iran intends to produce 5.7 mln barrels of oil per day in 3 years
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© EPA/ABEDIN TAHERKENAREH

BERLIN, May 13. /TASS/. Should sanctions against Iran be lifted, the Asian market, not Europe, will become a priority destination for gas deliveries, Iranian oil Minister Bijan Namdar Zangeneh said in as interview with German newspaper Handelsblatt Wednesday.

"The priority of our gas industry is to ensure that our own country’s economy has large amounts of natural gas, as well as exports it to our neighbors - Pakistan, India, Iraq. Asia for us is much more attractive," he said.

The minister said that after the sanctions are lifted, Iran intends "to sell oil and gas without any restrictions." "We also want to get the Iranian frozen money and to buy technical equipment needed by our oil industry," Zangeneh said.

The minister once again repeated his words, that in case the sanctions are lifted this year, Iran intends to produce 5.7 mln barrels of oil per day in 3 years. As for the price of black gold, according to the minister it should be at the level of $70-75. "Now there is too much politics in the market," Zangeneh said.

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