Iran sees oil output reaching 4mbpd by April, aims for 4.7mbpd
Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official was quoted as saying on Saturday. Iran said in January its daily output was close to 3.9 million barrels. “We were due to reach 4 million barrels ... by the end of the (Iranian) year (March 20). This will be realised with a one-month delay,” said Ali Kardor, head of the state-run National Iranian Oil Company (NIOC), quoted by the Iranian Students’ ...
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