" February 7, 2016 Tehran secures 300,000 bpd oil sale to Europe Tehran Times Economic Desk TEHRAN – Iran will finalize deals soon with France’s Total, Italy’s Eni and Saras, securing the sale of 300,000 barrels of oil per day to the three European buyers, Oil Minister Bijan Namdar Zanganeh said.
Iran's oil exports, which had peaked at more than 3 million bpd in 2011, fell to a little more than 1 million bpd after the sanctions were imposed on the country in 2012.
After the nuclear deal with world powers last year, however, Tehran has ordered a 500,000 bpd increase in oil output.
***** Total to finalize oil contract with Iran on Feb. 16
Iran’s contract with French oil giant Total will be executed as of February 16, the Shana news agency quoted Zanganeh as saying on Saturday. ... "
