Ali Kardor

Iran announces its oil output for upcoming Iranian year

ISNA– The managing director of the National Iranian Oil Company (NIOC) announced Iran’s oil output for the upcoming Iranian year (starting March 21).

The managing director of the National Iranian Oil Company (NIOC) Ali Kardor said that Iran’s oil output will not increase during the next year and the current output will remain constant.

“Currently, Iran produces about 3.900 million bpd and the capacity of the country’s oil output in nearly 4 million barrels,” he added.

“The volume of oil export is variable but the average of export is around 1.700 or 1.750 million barrels,” Kardor pointed out.