Years of under-investment in ageing infrastructure and maturing felds could hamper Iranian plans to rapidly boost oil production. Iran repeatedly said it would be able to raise production quickly once EU and US nuclear-related sanctions were lifted in the months before the measures ended in mid-January. Its plans to raise oil output and exports are well documented. State-owned N IOC's target is to raise supply by 500,000 b/d almost immediately and add another 500,000 b/d in the following six months.
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