Crude Oil Production Capacity to Reach 5.7 Million bpd in 8 Years

Iran has planned to increase crude oil production capacity to 5.7 million barrels per day in the next eight years, managing director of the National Iranian Oil Company said.
“The rise in capacity means that the country will also be able to increase exports. Therefore, we must develop our oil terminals so that we can add to our exports when needed,” Mohsen Khojastehmehr was also quoted as saying by the Oil Ministry’s news agency Shana.
The country has increased the level of its oil production capacity to around 3.8 million barrels of oil per day now.