TEHRAN (Dispatches) -- Iranian Minster of Petroleum Bijan Zangeneh said the country’s crude output would reach four million barrels per day (bpd) by March 2017, state television reported on Wednesday.
"In the annual budget, the amount of oil export has been predicted around 2,250,000 bpd. This means our production this (Iranian) year will reach four mbpd,” Zanganeh was quoted as saying by state TV. The Iranian new year started on March 20. Zanganeh said Iran’s oil output has increased after the lifting of sanctions in January.