Iran oil minister denies heavy oil discounting as market share battle looms | The National:
"Iran’s oil minister yesterday denied his country is offering steep discounts to boost exports amid an intensifying battle for Asian market share.
As Iran prepares for the lifting of international sanctions related to its nuclear programme next year, Bijan Namdar Zangeneh, the oil minister, told the government’s Islamic Republic News Agency (Irna) that the country would offer only “regular and customary” discounts to prospective customers.
He was responding to reports that Iran was discussing deep discounts with prospective buyers as it plans to increase exports from 1 million barrels per day – the level at which they have been capped since sanctions were put in place in 2011."
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