Iran to increase oil production levels by 170,000bpd

Iran to increase oil production levels by 170,000bpd
Additional production will come from the North Azadegan field.
Published: 27 May 2015 - 2:14 a.m.
By: Christopher Kelly

Iran has announced plans to increase its oil production levels by 170,000 bpd, by the end of the current Iranian year, according to IRNA.

Soltan Kamali, managing director of Arvandan Oil and Gas Company, a subsidiary of the state's National Iranian Oil Company (NIOC), said the "additional output will be available once the initial phases of North Azadegan and Yadavaran oilfields come into operations," IRNA reported.

The OPEC producer aims to boost crude exports by up to 1 million bpd if Tehran and six major powers finalise a nuclear agreement by a June 30 deadline.

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