Iran to boost oil output by half a million barrels a day

Iran plans to increase oil production by 500,000 barrels per day now that sanctions have been lifted under a landmark nuclear deal with world powers.

Iran to boost oil output by half a million barrels a day
Mon, 18 Jan, 2016 - 13:06

Iran plans to increase oil production by 500,000 barrels per day now that sanctions have been lifted under a landmark nuclear deal with world powers.

Deputy oil minister Roknoddin Javadi said Iran is determined to retake its market share, which plunged after the crippling sanctions were imposed in 2012.

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