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Iran exporting 1.3 mln bpd of crude, set to increase

Iran hopes to reach 1.5 million barrels a day in oil exports by the end of the year

Published: Updated:

Iran is exporting 1.3 million barrels a day of crude oil, and will be pumping 1.5 million barrels a day by the start of the next Iranian year on March 20, a vice president was quoted as saying on Saturday.

“Today our oil exports have reached 1.3 million barrels a day, and by the end of the (Iranian) year will reach 1.5 million barrels a day,” Eshaq Jahangiri was quoted as saying by the Shana news agency.

“In the early parts of the next (Iranian) year, they will reach 2 million barrels a day: Iran must preserve its share of the global oil market,” he added.