Moscow, April 21, IRNA � Russian Energy Minister Alexander Novak said on Wednesday that increase in Iran's oil production will not have much effect on the price in the world market.

Talking to reporters, Novak said Iran has increase its production by about 300,000 to 400,000 bpd.
The country can raise the output by maximum 200,000 to 300,000 bpd and on the whole, its daily production will not exceed one million bpd on the whole, he added.

By IRNA