(MENAFN) Iran is ready to make an additional 500,000 oil barrels available in the global market before the next year begins, as the sanctions will be finally officially lifted, according to all the available data and reports.
All measures to enhance Iran's crude oil production capacity in the post-sanctions era have been taken and added, especially that there's currently very low level of crude production as opposed to Iran's huge hydrocarbon reserve
In more detail, sanctions removal will basically consist of the elimination of currency transfer restrictions, supply of ships and tankers carrying oil products and petrochemicals and not to mention the provision of insurance coverage.
Furthermore, there's no need to stress on the multi-billion-dollar investment opportunities in various sectors of Iran's oil, gas and petrochemical industries, as it will all collaboratively lead to a well-known industry leader.
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