TEHRAN- Iran sold light crude oil at $42.28 per barrel in the week ended on September 23, a 13-cent rise from its previous week, according to the Shana news agency.

Also, Iran sold heavy crude oil at $40.51 in the mentioned week, with 13 cents rise from its preceding week.

Meanwhile, Organization of Petroleum Exporting Countries (OPEC)’s basket price was $42.47 per barrel on average in the week ended on September 23, with 21 cents fall from its preceding week.  

Iran has regained about 80 percent of the market share it held before the U.S. and European Union tightened sanctions on its oil industry in 2012, Mohsen Qamsari, National Iranian Oil Company (NIOC)’s director of international affairs, said on July 11, Bloomberg reported.

The official said on Sunday that Iran has exported averagely two million barrels of crude oil per day during the first half of the current Iranian calendar year (March 20-September 21).

Sanctions were eased in January, and Iran plans to double crude exports.

“Our exports peak is above 4 million barrels a day, and we have plans for that and are waiting for the right conditions,” Qamsari said in an interview in Tehran, without elaborating on the timing for such an increase.

MA/MG