TEHRAN: Iran’s crude oil production has surpassed 3.8 million barrels per day (bpd), Oil Minister Bijan Zanganeh was quoted as saying on Saturday, adding that Tehran expects output to reach 4 million bpd by March 2018. “Oil production has exceeded 3.8 million barrels.
The country’s oil output will reach 4 million barrels by the end of the year,” Zanganeh told Fars news agency, referring to the Iranian year which ends on March 20. In mid-June, Zanganeh said output had reached 3.8 million bpd.