Iran says ready to surge oil output by 1mbpd once sanctions lifted
Iran says it is ready to provide global markets with an extra one million barrels of its crude oil per day./ Iran said on Saturday that it is ready to provide global markets with an extra one million barrels of its crude oil per day. Iran’s Petroleum Minister Bijan Namdar Zangeneh said the increase will be materialized as soon as the sanctions against the country’s oil exports are lifted. Zanganeh said the extra volume will be provided from the collective production capacity of fields that have been put offline, stressing that the Ministry ...
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