Iran makes major rise in its oil output
Iran says it has increased its oil production by 400,000 barrels per day in what could be a landmark move in the country's oil industry after the removal of the sanctions./ Iran said on Sunday that it has increased its oil production capacity by 400,000 barrels per day (bpd) thus almost materializing an earlier pledge to raise output by 500,000 bpd after the removal of the sanctions. The announcement was made by Rokneddin Javadi, the managing director of the National Iranian Oil Company (NIOC). Javadi has been quoted by the media as saying ...
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