image description
image description
Tell A Friend

FinancialNews


  • 07-12-20

    Iran prepares to increase its crude oil production capacity

    (MENAFN)The country was supposed to fast raise its crude oil production capacity to improve exports, declared the Iranian President Hassan Rouhani.

    He stated that, "Given the valuable operational tools and experience we have at our disposal, we are ready to increase oil production rapidly in order to reach full export capacity."

    "According to the conditions of the [calendar year] 1400 budget, this budget contains clear, numerous and expressive messages, reflecting the state of the country's economy in the next year," stated the President.ir, Dr. Hassan Rouhani on Sunday, December 6 at the meeting of the Government Economic Coordination Headquarters.

    The president further said that, "Due to the pre-JCPOA sanctions, oil production and sales faced restrictions, but with the implementation of the JCPOA and the lifting of sanctions, we were able to bring oil sales to over 2 million barrels per day in a short time, and given the valuable operational tools and experience we have at our disposal, there is still readiness today to increase oil production rapidly," highlighting the require to be ready to get the country's oil production to its natural capacity for export.

    MENAFN07122020000045011369ID1101243925

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved