Iran vows 500k bpd rise in oil output by January
Iran says its oil production will increase by 500,000 barrels per day (bpd) immediately after removal of sanctions./ Iran says it can increase its oil production by 500,000 barrels per day (bpd) within a week immediately after the removal of sanctions against the country. Iran’s Oil Minister Bijan Zangeneh has said the country’s crude production capacity can further increase by above 1 million bpd within a month after all sanctions are lifted – what he said is expected to take place by the end of September. “Some of the most effective ...
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