Iran oil, NGL output to hit 5.7 mb/d

TEHRAN June 1 (Shana)–Iran’s crude oil and gas condensate production capacity is forecasted to reach 5.7 mb/d by March 2018, a deputy petroleum minister said.

 Mansour Moazzami said Iran’s gas production is planned to reach 1 bcm/d by that time.

He added that Iran’s annual natural gas exports will reach 80 bcm by 2021 when Iran is expected to gain 80 billion dollars from petrochemical exports, much higher than the current 25 billion dollars.
Moazzami said Iran’s refining capacity currently stands at 1.6 mb/d, which is expected to reach nearly 3 mb/d in four years.



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