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Iran Says It Can Double Oil Exports If Market Needs More Barrels

An offshore oil platform in the Persian Gulf's Salman Oil Field, near Lavan island, Iran.

An offshore oil platform in the Persian Gulf's Salman Oil Field, near Lavan island, Iran.

Photographer: Ali Mohammadi/Bloomberg

Iran has capacity to double oil exports if there’s sufficient demand, a top official said, even as a deal on the country’s nuclear program that could pave the way for the lifting of sanctions remain elusive.

Iran will “exert maximum effort to recoup its crude oil market share and revive its customers,” Mohsen Khojastehmehr, managing director of the National Iranian Oil Co., told reporters Saturday in Tehran.