Iran has range of plans to raise oil income by $20bln -oil minister

GENEVA- Iran has a range of plans to increase oil income by $20 billion, Oil Minister Bijan Zanganeh said Wednesday, according to the Mehr news agency.

Zanganeh did not specify which oilfields would be targeted for development.

The United States reimposed sanctions on Iran's oil industry last November and U.S. officials have said they intend to reduce the Islamic Republic's oil exports to zero.

Separately, Zanganeh said that Iran had been negotiating with China to develop phase two of the Yadavaran oilfield in the southwest of the country on the border with Iraq but the talks had not led to the signing of any agreement.

(Reporting by Babak Dehghanpisheh; editing by Jason Neely) ((babak.dehghanpisheh@thomsonreuters.com;))