Iran Could Add 400,000 Barrels a Day of Oil After Nuclear Deal
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Iran could boost its oil exports by 400,000 barrels a day in the first months after signing a nuclear deal with the U.S. and other world powers, according to Bijan Khajehpour, managing partner of Atieh International, a Vienna-based management consulting firm.
Khajehpour, an Iranian economist, said Iran has about 20 million barrels of crude stored on tankers that it’s been unable to sell due to U.S. and European Union sanctions that went into effect in mid-2012. That stored inventory will allow the Persian Gulf state to rapidly add to its exports, Khajehpour said.