• Iran ready to raise oil output to 4 million bpd depending on demand -NIOC

    Iran is ready to raise its oil production to 4 million barrels per day (bpd) in a couple of months depending on market demand, a senior official from the National Iranian Oil Company (NIOC) said on Monday. “We can increase crude production based on market requirement,” Seyed Mohsen Ghamsari, the director for international affairs at NIOC said at the Argus Crude Forum.

    The OPEC producer is currently producing a little over 3.8 million bpd, Ghamsari said.
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