Iran plans to raise oil output to 4m barrels per day

DUBAI: Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news agency said on Sunday, without providing a time frame.

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“An economic council headed by Iran’s interim president Mohammad Mokhber has approved a plan to raise the country’s oil output from 3.6 million barrels per day to 4 million barrels per day,” Tasnim added. Iran is a major producer within the Organization of the Petroleum Exporting Countries (OPEC).