Islamic State claims responsibility for attack on Russian Guard base in ChechnyaWorld March 24, 18:51
Eurovision organizers set to find solution for Russia's contestant to perfom in KievWorld March 24, 18:46
Russia’s Airborne Force wraps up large-scale drills in CrimeaMilitary & Defense March 24, 18:20
Russia may start Ka-52 attack helicopter deliveries to Egypt in 2nd half of yearMilitary & Defense March 24, 17:21
Ex-Russian MP’s suspected assassin’s ‘double’ pops up in UkraineWorld March 24, 16:59
Photos of the week: Putin at the theater, Trump behind the wheel and Erdogan playing ballSociety & Culture March 24, 16:39
Bank of Russia points to ruble cutting its 'oil dependency'Business & Economy March 24, 16:33
Legendary Soviet test pilot Mikoyan passes away at 94Military & Defense March 24, 16:22
Russian Aerospace Force received 16 Su-34 fighter bombers in 2016Military & Defense March 24, 16:06
TEHRAN, January 18. /TASS/. Iran starts increasing oil production by 500,000 barrels daily, Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said on Monday.
"Iran initiates scaling up daily oil production by 500,000 barrels," Shana news agency cited Javadi.
Such a decision was made in view of lifted sanctions on Iran’s oil export and bank transfers, NIOC chief executive said.
Sanctions were lifted on January 16 after announcement of initiated implementation of P5+1 nuclear deal with Iran.
Iran’s draft budget for 2016 provides for daily export of 2.25 mln barrels a day. Export was equal to approximately 1 mln barrels daily until now.
According to Russian Deputy Prime Minister Arkady Dvrokovich, the removal of sanctions against Iran has already made a negative impact on oil price.
"It has already made an impact," - he said when answering the relevant question from TASS.
He declined to comment on the terms of the descending trend in oil price pointing that many factors should influence it.