Iran plans to increase oil production to 4 million b/d
The Iranian government has approved a plan to increase crude oil production to 4 million barrels per day, requiring an investment of $3 billion.
| Countries | Iran |
|---|---|
| Companies | OPEP, AIE |
| Sector | Pétrole |
| Theme | Marchés & Finance, Analyse sectorielle |
Iran’s economic council, chaired by interim president Mohammad Mokhber, has approved a plan to increase oil production to 4 million barrels per day (mb/d). Current production is estimated at 3.6 mb/d. Implementation of this plan should generate an additional $7 billion in revenue by March 2025. Iranian Oil Minister Javad Owji said in November that production had reached 3.4 mb/d, although OPEC and IEA (International Energy Agency) estimates put it at 3.1 mb/d last September.
Comments
Sign in to leave a comment.