Iran is seeking about $200 billion of investment in its oil, natural gas and petrochemicals industries to raise production and sales. The country is targeting an average daily output of 4.28 million barrels of crude and 1 million barrels of condensate within four years, he said. Iran pumped 3.63 million barrels of oil a day in September, data compiled by Bloomberg show. The country is producing at full capacity and aims to raise exports to 2.5 million barrels a day by March, Kardor said. Iran currently exports more than 2.2 million barrels a day, Zamaninia said.

Source: Mint October 17, 2016 15:45 UTC