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FinancialNews


  • 03-04-22

    Iranian crude oil output goes back to its level before sanctions

    (MENAFN) Iran’s Oil Minister Javad Oji stated that the nation’s crude oil output has hit the level before sanctions were imposed.

    The minister stated referring that the present volume of the country’s oil output has hit over 3.8 million barrels for each day, “We hope that through the efforts of all those active in this sector, we will reach higher figures in the exports of crude oil, gas condensate, oil products, and petrochemicals in [the current Iranian calendar year] 1400 (started on March 21)”.

    Oji mentioned, “by taking effective measures in onshore and offshore oil fields, drilling new wells, repairing wells, rebuilding and modernizing facilities, and oil collection centers, the current oil production capacity has reached before the sanctions, and we have no problem in performance and this amount of production”

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