Iran signals oil output boost as regional relations improve ...Kuwait

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Iran signals oil output boost as regional relations improve
source : The New Arab ( Kuwait ) () 14
Iran plans to raise oil production to near full capacity by the end of the summer, the country's oil minister has said. Speaking to the energy committee in Iran's parliament, Javad Owji stated that the country had boosted oil production by 50 percent over the last two years and production is expected to increase to 3.4 million barrels a day (bpd), just below the capacity of 3.8 million bpd. According to monitoring service TankerTrackers.com, Iran was able to ship 2.2 million bpd up to 20 August, as reported by Bloomberg - a marked increase on the first seven months of 2023, in which Iran export over 1.5 million bpd in a single month. As well as oil, Iran also plans to

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