25 Apr 2024
Sunday 20 September 2015 - 13:37
Story Code : 181114

Iran will increase oil output soon in post-sanction era: Veep

TEHRAN Sept. 20 (Shana) First Vice President Eshaq Jahangiri has called for an immediate boost in Irans crude oil production once sanctions against the Islamic Republic are lifted.
We shall also be vigilant in using oil revenues so that the public sector does not enlarge every day, he told an official meeting on reviewing problems of the eastern Sistan-va-Baluchestan province.
Petroleum Minister Bijan Zangeneh has said that Iran is ready to increase its oil production in one week after sanctions are lifted.

Iran was OPECs second-biggest producer before US-led sanctions banned its customers from purchasing, transporting, financing and insuring of its crude in mid 2012.
Irans output can increase by 500,000 barrels a day within a week after sanctions end and by 1 million barrels a day within a month following that, the minister said in a televised interview.

By SHANA
https://theiranproject.com/vdcfyydyjw6dcya.r7iw.html
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