Last updated: 10 June, 2014

Iran claims oil output can hit 4 million barrels per day “in less than 3 months”

Iran’s oil production can reach 4.0 million barrels per day in “less than three months” if Western sanctions are lifted over its nuclear energy programme, Oil Minister Bijan Zanganeh said on Tuesday.

“After lifting the sanctions, (in) less than three months we can produce four” million barrels of oil per day, Zanganeh told reporters upon his arrival in Vienna for an OPEC output meeting.