We will be more subtle in our approach and may gradually increase output, i have to say that there is no room to push prices down any further, given the level where they are.

Mohsen Qamsari

Categorized in : Business

We don't want to start a sort of a price war, we will be more subtle in our approach and may gradually increase output.

The decision on the amount of exports highly depends on the future condition of the market. We will raise our market quota steadily, we will adjust our output to the global market's demand.

One of the methods to ensure the country's oil sale is buying refineries in other countries but this has to be approved by the administration and the parliament, this is a method that countries like Saudi Arabia, Kuwait, UAE, the U.S., China and leading oil giants like Royal Dutch Shell and BP have adopted and we should not stay behind them in this field.

We will adjust our output to the global market's demand, we will exercise great caution to prevent a further decline in international prices and will adopt certain methods and strategies to this end.

We will try to maximise our crude export capacity to Europe and restore 42 to 43 percent share in the European market before the sanctions were imposed.