From Bloomberg:
Iran said it may be ready for joint action with members of the Organization of Petroleum Exporting Countries in as little as one or two months, once it regains the market share it had before sanctions were imposed.
Iran, which refused to join other nations in a push to freeze output last month, could reach pre-sanctions export levels of 2.2 million barrels in one to two months or by the end of the summer, National Iranian Oil Co. Managing Director Rokneddin Javadi said in Tehran. Exports averaged 2.1 million barrels daily last month out of total production of 3.7 million, he said.
“If one day all OPEC members reach a decision to return to a quota system and operate on the basis of a collective policy, then we are ready and welcome” to participate in discussions on joint action, Javadi said.
