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Iran says it seeks to increase oil production by 700,000 barrels per day - Shana news agency
February 20, 2016 / 8:48 AM / in a year

Iran says it seeks to increase oil production by 700,000 barrels per day - Shana news agency

1 Min Read

An oil tanker loads gas in Assaluyeh seaport at the Persian Gulf, in Iran in this May 27, 2006 file photo.Morteza Nikoubazl/Files

DUBAI (Reuters) - Iran aims to increase its oil production by 700,000 barrels per day in the near future, the deputy oil minister said on Saturday.

"One of the goals of Iran's sixth development plan is to produce 4,700,000 bpd of crude oil. To achieve that we need to increase our production by 700,000," Rokneddin Javadi, was quoted as saying by the ministry's news agency, Shana.

Reporting by Bozorgmehr Sharafedin, Editing by Noah Browning and John Stonestreet

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