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Iran to increase oil production capacity by 200,000 bpd
Region
- 03 September, 2022
- 06:43
Iran aims to increase its oil production capacity by 200,000 bpd by March 2023, the Chief Executive Officer of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr said, Report informs via IRNA.
According to Khojasteh Mehr, thanks to this increase, Iran's production capacity will exceed four million barrels per day by the end of the current calendar year.
He also stressed the country's readiness to expand oil exports and return to international markets "with maximum capacity."
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