Iran Sets Out Ambitions to Hike Oil Production Next Year
- Date: 13-Dec-2020
- Source: Bloomberg
- Sector:Oil & Gas
- Country:Middle East
Iran Sets Out Ambitions to Hike Oil Production Next Year
Workers work on an offshore oil platform in the Persian Gulf.
Photographer: Ali Mohammadi/Bloomberg
Photographer: Ali Mohammadi/Bloomberg
Iran said it planned to roughly double oil production in the next year, as the country anticipates a loosening of U.S. sanctions after Joe Biden becomes president.Oil Minister Bijan Namdar Zanganeh told lawmakers on Saturday the government aims to pump 4.5 million barrels a day of oil and gas condensate, which is a liquid form of natural gas, during the next Iranian calendar year beginning on March 21, the state-run Islamic
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