Lavrov says no grounds for rewriting Minsk agreementsRussian Politics & Diplomacy January 17, 14:04
Human rights official: Dima Yakovlev adoption law may be revised after ECHR decisionRussian Politics & Diplomacy January 17, 14:03
Russian top diplomat urges West to avoid disrupting ceasefire in SyriaRussian Politics & Diplomacy January 17, 13:48
Lavrov hopes Trump’s administration won’t preach to RussiaRussian Politics & Diplomacy January 17, 13:37
Lavrov dismisses allegations of cyberattacks on Western countries as 'cooked-up evidence'Russian Politics & Diplomacy January 17, 13:24
Lavrov slams EU policy towards Russia as 'shortsighted'Russian Politics & Diplomacy January 17, 13:17
Lavrov believes US wanted to use IS, Jabhat al-Nusra to overthrow AssadRussian Politics & Diplomacy January 17, 13:10
ECHR orders Russia to pay compensation for Dima Yakovlev lawWorld January 17, 13:04
Press review: EU's 'Russian hacker' hysteria and Le Pen's vows to recognize CrimeaPress Review January 17, 13:00
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.