Russian Prosecutor General’s Office finds another 3 NGOs to be undesirableRussian Politics & Diplomacy April 26, 21:42
Moscow ‘seriously concerned’ about Turkish airstrikes in Iraq, SyriaRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
Russia’s Emergencies Ministry to continue helping Serbia in mine clearance in 2017Military & Defense April 26, 20:20
Putin says Russia, China maintain relations at 'unprecedentedly high level'Russian Politics & Diplomacy April 26, 20:02
Polls shows number of happy Russians at record-breaking historic highSociety & Culture April 26, 19:27
IS recruiting Taliban fighters in Afghanistan — Russia’s General StaffMilitary & Defense April 26, 18:49
Coffin with presumed remains of 19th century Russian general dug up in TurkeySociety & Culture April 26, 18:26
Russian envoy says enacting nuke ban treaty will lay basis for stable strategic tiesRussian Politics & Diplomacy April 26, 18:13
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.