Iran’s oil output to reach 4m bpd by Mar. 21

February 19, 2017 - 10:7

TEHRAN- Oil production in Iran will reach four million barrels per day (bpd) by the beginning of the next Iranian calendar year (March 21) National Iranian Oil Company Managing Director Ali Kardor said on Saturday.

He made the announcement in the 4th International Drilling Congress of Iran, held at the IRIB International Conference Center in Tehran, Mehr news agency reported.
The official also announced that the country’s Sixth National Development Plan (2016-2021) has envisaged daily oil production of 4.7 million barrels.
According to a survey by Reuters published on January 31, Iran has increased its oil output by 20,000 barrels per day (bpd) in January after the country was exempted from the OPEC cuts.
Iran's crude oil output was 3.9 million bpd in January, according to Iranian Oil Minister Bijan Namdar Zanganeh.


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