Iran To Raise Oil Output To Over 4 Million Bpd By March 2023

Iran will raise its oil production capacity to over 4 million barrels per day (bpd) by the end of the current Iranian year that ends in March 2023, the chief executive officer of the National Iranian Oil Company (NIOC) told local news agency IRNA on Friday.  Iran’s current production capacity stands at 3.838 million bpd, Mohsen Khojastehmehr told IRNA. The top executive at the Iranian oil firm said that the Islamic Republic would ramp up its oil production capacity by 200,000 bpd by March 2023, when the current Iranian year ends. By…