Iran set to raise oil output by 250,000 bpd this summer -Tasnim

Iran will produce an extra 250,000 barrels per day (bpd) of oil by the end of summer, the semi-official Tasnim news agency reported on Wednesday citing the head of the National Iranian Oil Company (NIOC).

Wednesday, August 09, 2023 17:10

Workers work on an offshore oil platform in the Persian Gulf. (Photo: Bloomberg)

Workers work on an offshore oil platform in the Persian Gulf. (Photo: Bloomberg)

"Iran's oil production will reach 3.5 million bpd at the end of summer," Tasnim cited NIOC Managing Director Mohsen Khojasteh-Mehr as saying.

The country's oil exports have been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing Iran's oil exports.

Reuters

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