| Iran expects to raise oil output by 500,000 barrels per day (bpd) as soon as sanctions are lifted and by a million bpd within months, Oil Minister Bijan Zanganeh said in remarks broadcast on Sunday. "We are already doing marketing, and within a day after the lifting of sanctions we will raise (production) by 500,000 barrels per day," Zanganeh said.
He said Iran's crude production had fallen about one million bpd from about four million bpd under the sanctions, state television reported. "Within the next few months, we will return to the level of 3.8-3.9 million barrels," Zanganeh added...............................................Full Article: Source
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