Iran Plans To Boost Oil Production To 5 Million Bpd

Iran has not given up on plans to boost its oil production to more than 5 million barrels per day despite the lack of progress on nuclear talks, Bloomberg reported, citing the managing director of the National Iranian Oil Company. “Plans are in place to increase oil output to more than 5 million barrels a day,” Mohsen Khojastehmehr told IRNA ahead of the new round of nuclear talks in Vienna that begins today, after a five-month pause. The BBC reports that Western diplomats are warning that time is running out for a deal as Iran has…