Iran will 'immediately' export more oil once sanctions lifted

[bemildred]

Iran will "immediately" export more crude oil once sanctions are lifted in the wake of the international deal to roll back its nuclear programme, the country's oil minister said Tuesday.

"Immediately we can" return to full export capacity of four million barrels per day, Iran Oil Minister Bijan Zanganeh told reporters ahead of OPEC's meeting on oil production in Vienna on Wednesday.

"We have no technical difficulties to expand our exports and to return to four millions barrels a day oil output," he said, noting however the presence of "political" obstacles.

"We beleive it is our right to increase our exports," the minister added.

http://uk.news.yahoo.com/iran-39-immediately-39-export-more-oil-once-160911898.html

[sharp_stick]

1. We need more sanctions

now, now, now.

I wonder if anyone in the media here will ever have the two functioning brain cells to connect the sanction fans to the oil company money train and their good buddies running OPEC.

[Schema Thing]

2. King Abdullah: "oooh, Rosco P. Coltrane!"

[demosincebirth]

3. Oil prices should go down, right?

[bemildred]

4. Yep. The Kurds seem (tentatively) to have worked things out with Baghdad and Turkey too. nt

[Old and In the Way]

5. Gee...more oil means lower prices.

Big Oil won't like this, not one bit. George and Dick would never let this happen, nosiree.