Iran’s Oil Minister Says Country Can Boost Output Rapidly

Iran’s Oil Minister Says Country Can Boost Output Rapidly

(Bloomberg) --

Iran's oil minister said the country can increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015 nuclear accord with the Islamic Republic.

“The next Iranian government should make it a top priority to raise oil production to 6.5 million barrels a day,” Bijan Namdar Zanganeh told reporters in Tehran on Monday. Higher output will “improve the country's security and political might.”