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March 24th, 2015 
David Schulberg
According to Press TV, as intensive nuclear talks are to resume between Tehran and 5+1 group, at least six Asian refiners are forecasting more supply from Iran, a top Middle East producer, if a permanent deal is reached to result in sanctions relief.
Mangalore Refinery and Petrochemicals Ltd. in India and Cosmo Oil Co. in Japan are among the refiners hoping for Iran sanctions relief.
Iran is currently exporting around 1 mb/d of oil, due to US-imposed restrictions, while it has potential to supply up to 4 mb/d.
Bloomberg quoted Hong Sung Ki, a commodities analyst at Samsung Futures Inc., as saying “If sanctions are removed, there’s a big chance that demand for Iranian oil will recover in Asian nations like South Korea, China and Japan.”
The analyst said “India is another nation to watch.”
Iran’s Minister of Petroleum Bijan Namdar Zangeneh said recently that the country’s oil putout would nearly quadruple just months after a possible lifting of the sanctions.
ME
Source Article from http://english.irib.ir/news/economy/item/206755-asia’s-oil-buyers-set-to-enhance-iran-imports
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