Iran to hit pre-sanctions level within two months

摘要

Iranian oil output will return to pre-sanctions levels of “above 4mn b/d” within two months, state-owned NIOC managing director Rokneddin Javadi said, in comments that suggest Iran could soon be willing to join a multi-nation initiative to freeze oil production to support oil prices. Iran has stated many times that it would be willing to participate in such an initiative only after it raises production back to pre-sanctions levels. Javadi said 19 April that mark will be reached by the end of the Iranian month of Khordad, or 20 June, as NIOC’s biggest producing subsidiary National Iranian South Oil (NISOC) continues to ramp up production.