Comments from oil minister Zanganeh
- Sees re-election of Rouhani spurring oil investment in Iran
- Re-election signal is clear, Iran wants to interact with the world
- Plans to raise oil production capacity to 5 mbpd within five years (current production is near 4 mbpd)
- Hopes to sign contracts with Total, Lukoil, Maersk and Pertamina as early as this year
If Iran, Libya and Nigeria get their acts in order. And if shale technology continues to improve and expand, I don't see anywhere for oil to go but down in the long term.
