Iranian Oil Minister Rostam Qassemi: Iran’s Crude Oil Output Hits 4mln bpd

Iranian Oil Minister Rostam Qassemi refuted the western allegations that Iran’s crude oil output has decreased, saying that the country’s oil production has hit 4mln barrels per day.

According to FNA, Qassemi said “Fortunately due to the agreements reached between Iran and the foreign countries and the buy-back projects, at least 800,000 barrels of crude will be added to the country’s oil production output and these projects are underway with foreign investments”.
The Iranian oil minister underlined that Iran’s crude oil output capacity currently stands at 4 million barrels per day.
Earlier this year, Qassemi said that Iran’s oil production has remained steady despite enemies’ sanctions against the country’s energy sector, adding that the country is pumping oil in full capacity.