NIOC Could Double Oil Output if US Siege Is Lifted: Zanganeh

The National Iranian Oil Company aims to produce 4.5 million barrels a day of oil and gas condensate in the next calendar year starting on March 21, the oil minister told lawmakers on Saturday.
“We will increase oil exports to 2.3 million barrels a day provided the US eases sanctions on the energy sector,” Bijan Namdar Zanganeh was quoted as saying by IRNA.
The projected exports are expected to cover 25% of the national budget for the year ending March 2022 -- a sign that the government is reducing dependence on oil income, he said