13 July 2016 - 15:49
  • News Code: 264903
Iran Eyes 4mbd Crude Output in H1

TEHRAN, July 13 (Shana) – Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said Iran is planning to bring its crude oil output to 4 million barrels per day (mbd) in the first half of the current Iranian calendar year which began on March 20.

Speaking with Iran Daily, Kardor elaborated on NIOC's opportunities and challenges in the post-sanctions setting, saying that a crude oil output of over 4 mbd is eyed by the company in the first half of the current calendar year.

He said the sanctions placed Iran among threats to the global community which prevented the country form access to any of the world's economic and financial institutions, but removal of sanctions has opened up pathways to Iran's access to international financial systems and institutions.

News Code 264903

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