Iran Plans to Double Crude Exports

The transcript discusses Iran's efforts to restore oil production and exports following the lifting of sanctions. Iran has reached 80% of its pre-sanction production levels and aims to fully recover. Future plans include increasing production to 4.8 million barrels per day and exporting 1 million barrels of condensates by 2020-2021. The market's response to Iran's oil re-entry is stable, with no expected price drops below $30 per barrel.

What percentage of its pre-sanction oil production level has Iran achieved after the lifting of sanctions?

• 50%

• 80%

• 100%

• 60%

What is Iran's target for oil production in the future?

• 5 million barrels a day

• 4 million barrels a day

• 3 million barrels a day

• 2 million barrels a day

By when does Iran plan to achieve a production level of 4.8 million barrels a day?

• By 2025

• By 2022

• By 2020-2021

• By 2023

What was a major concern in the market regarding Iran's oil after sanctions were lifted?

• Iran would stop oil production

• Iran would decrease oil exports

• Iran would dump crude on the market

• Iran would increase oil prices

What is Iran's expectation for oil demand through the rest of the year?

• Demand will decrease

• Demand will fluctuate unpredictably

• Demand will increase significantly

• Demand will remain stable