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  • Iran could increase oil output to 6 mln bpd [Trend News Agency, Baku, Azerbaijan]

    Bloomberg - 07/23/2015

    Iran with having adequate investment could increase its oil production to 6 million barrels a day (bpd) and export 4.5 million bpd, a professor of economics at U.S. Northeastern University Kamran Dadkhah believes.

    Dadkhah told Trend that Iran could increase its oil production after the sanctions are lifted but the addition volumes cannot be substantial.

    “Indeed within the first two years the additional output would be between one and two million barrels a day, he said. But after that, assuming adequate investment, in 5-7 years Iran could increase its oil production to 6 million barrels a day and export 4.5 million barrels a day.”

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