Iran would sell more oil if Western sanctions lifted: Mehr agency, Iran said oil prices would not rise above $60 a barrel until 2016 and that it would increase crude exports if Western sanctions over its nuclear program were lifted, the semi-official Mehr news agency reported on Friday."We're not expecting oil prices to go over $60 until 2016. What will happen after that is not clear," Mehr quoted National Iranian Oil Co's head of international affairs, Mohsen Ghamsari, as saying.
"When sanctions are lifted, it is our natural and legal right to increase our oil sales in an effort to raise market share."Read More
