Iran sees oil output up 1 mln bpd after sanctions end

Iran expects to raise oil output by 500,000 barrels per day (bpd) as soon as sanctions are lifted and by a million bpd within months, Oil Minister Bijan Zanganeh said in remarks broadcast on Sunday. “We are already doing marketing, and within a day after the lifting of sanctions we will raise (production) by 500,000 barrels per day,” Zanganeh said.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4686458,00.html

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