IEA forecasts 4m bpd oil output for Iran by end of decade
The International Energy Agency states that with foreign investment and technology, the Islamic Republic of Iran could increase its oil production capacity to 4 million barrels per day (bpd) by the end of the decade, the World Banks said in its April 2016 Commodity Markets Outlook report with the theme of resource development in an era of cheap commodities. The Iran’s oil output is expected to continue climbing, from 2.9 million bpd at end-2015 toward its estimated capacity of 3.6 million bpd, the report said. The Islamic Republic of Iran ...
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