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Empresas y finanzas

Iran would sell more oil if Western sanctions lifted - Mehr agency


    ANKARA (Reuters) - Iran said oil prices will not rise above $60 until 2016 and that it would increase crude exports if Western sanctions over its nuclear program are 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 sell aimed at having more market share."

    U.S. and EU sanctions that came into force in 2012 prohibit the import, purchase and transport of Iranian petroleum products, to pressure Tehran to halt its nuclear program.

    World powers are in talks with Iran to try to persuade Tehran to curb the program in exchange for relief from the sanctions that have crippled the major oil exporter's economy.

    (Writing by Parisa Hafezi; editing by David Clarke)