U.S. expects Iran will meet oil export target in nuclear deal

April 11, 2014

(Reuters) – The Obama administration believes that oil exports from Iran from January to July will meet an average 1 million barrel per day goal outlined in an interim agreement with Tehran over curbing its disputed nuclear program, a State Department spokeswoman said on Friday.

“We expect, we still expect, and anticipate that this will average over a six-month period … to meeting the bar that was set” in the interim agreement, spokeswoman Jen Psaki told reporters.

The Paris-based International Energy Agency on Friday revised Iran’s exports in February up 240,000 bpd to 1.65 million bpd.

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