Iran will soon produce 3.5 million barrels of oil per day, according to the chief executive of National Iranian Oil Company (NIOC), adding to global supply while other crude producers are limiting output.
NIOC CEO Mohsen Khojastehmehr said that Iran was producing 2.2 million bpd when the current administration took office in 2021 and will reach 3.5 million bpd by the end of the Iranian month of Shahrivar (Sep. 22), the state-owned Tasnim News Agency reported Wednesday.
Khojastehmehr added that Iran’s oil output from onshore and offshore fields, a figure he did not share, will increase by 150,000 bpd within the next two weeks.
He went on to say that 100,000 bpd will also be added to the current volume by Sept. 22, 2023, bringing the country’s oil output to 3.5 million bpd by the end of the summer.
