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Iran Set to Raise Oil Output by 250,000 bpd this Summer – NIOC

Iran will produce an extra 250,000 barrels per day (bpd) of oil by the end of summer, said the head of the National Iranian Oil Company (NIOC).

 

"Iran's oil production will reach 3.5 million bpd at the end of summer," said NIOC Managing Director Mohsen Khojasteh-Mehr.

 

The country's oil exports have been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing Iran's oil exports.

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