Recently, Iran’s Deputy Oil Minister Amir Zamaninia announced the county’s intention to increase oil production to 4.7 million barrels per day within the next four years. Additionally he informed that estimated production could rise as much as 1 million if Iran was able to reach deals on the development of four of its oil fields with international companies.
He said in a conference in Paris, “We are striving — to be very cautious and not ambitious — for the next 3, 4 years we are planning to increase our production by about 700,000 taking our production to 4.7 million bpd.”
more recommended stories
Tunisia was largely showered as the only democratic success story to begin from the Arab Spring uprisings of 2011
TUNIS: Tunisia was largely showered.
US would help a two-state solution for Israelis and Palestinians
CAIRO: US Vice President Mike.
Syrian Observatory for Human Rights reports Israeli raid kills 8 Iranians including a General
Last Wednesday an attack by.
Libya : Haftar Commences Mission to Free Derna From Extremist Militants
BENGHAZI: With a fresh anti-militant.