Iran’s plans for world oil market return
Iran CNN’s John Defterios recently spoke to Iran’s Oil Minister Bijan Zanganeh about the impact of the possible lifting of international sanctions. Speaking in Tehran, Zanganeh said that that he expected Iran to achieve a daily production figure of 4.2 million barrels by “around the end of next year.”
Iran has the fourth biggest oil reserves in the world and is pumping about 2.8 million barrels a day. Analysts expect the <a href=’https://theenergyyear.com/companies-institutions/opec/’>OPEC producer to add between 600,000 and one million barrels to output once sanctions are lifted, but Zanganeh told CNN he expects the figure will be higher.
This video appears exclusively in The Oil & Gas Year courtesy of CNN Money
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