After its return to the market, Iran will be able to export oil even if prices fall below $30 per barrel, Oil Minister Bijan Zangeneh said Sunday.


MOSCOW (Sputnik)�� His statement came in�wake of�global oil prices' continuous decline since�mid-2014, triggered by�oversupply and fears over�Iran's return to�oil market after�sanctions' relief.
"Even if oil prices fall below $30 per barrel, it will not stop Iran's oil industry," the minister told the Mehr News Agency in�an interview.



According to�Zangeneh, Iran independently decides on�its oil production and exports. The minister claimed that daily oil production in�Iran would reach one million barrels in�a few months after�financial and trade sanctions against�Tehran are lifted.

On July 14, Tehran and six world powers, namely Russia, the United States, China, the United Kingdom, France and Germany, signed a nuclear deal, according to�which Iran is expected to�guarantee the peaceful nature of�its nuclear activities in�exchange for�the lifting of�sanctions.

In November, Head of�Atomic Energy Organization Ali Akbar Salehi said Iran had begun reducing the number of�centrifuges in�the country in�order to�fulfill its nuclear deal commitments.

By Sputnik