Iran says end of sanctions could lift oil output by 1.0 mn bpd
Iran's oil production could be lifted by one million barrels per day (bpd) within half a year of Western sanctions being lifted, Oil Minister Bijan Zanganeh forecast Wednesday./ Zanganeh's forecast, delivered before a looming June 30 deadline to finalise Iran's historic nuclear power deal with world powers, was revealed at a two-day OPEC seminar in Vienna ahead of the cartel's output meeting on Friday. Questioned about the Islamic republic's oil output, he told delegates: "We believe that immediately, or after one month of lifting the ...
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