Iranian oil output to exceed 3.9m bpd in Feb.: Zanganeh

Oil Production in Iran will reach over 3.9 million barrels per day (bpd) in February, Mehr news agency quoted Oil Minister Bijan Namdar Zanganeh as saying on Monday.

TEHRAN TIMES- Oil Production in Iran will reach over 3.9 million barrels per day (bpd) in February, Mehr news agency quoted Oil Minister Bijan Namdar Zanganeh as saying on Monday.

The country’s crude oil output was 3.9 million bpd in January, Zanganeh had previously announced.

According to a survey by Reuters published on January 31, Iran has increased its oil output by 20,000 bpd in January after the country was exempted from the OPEC cuts.

Oil production in Iran will reach four million bpd by the beginning of the next Iranian calendar year (March 21), National Iranian Oil Company Managing Director Ali Kardor said on February 18.

Tehran Times
Publish Date: Mar 4, 2017