Iran 'ready to move on crude capacity hike'

Iran will start the process of raising its crude production capacity within 10 days of US-led sanctions being lifted and will be able to produce 3.8 million barrels per day within six months, Oil Minister Bijan Zanganeh said on Wednesday.

Eyeing oil hike: Iran Oil Minister Bijan Zanganeh
Eyeing oil hike: Iran Oil Minister Bijan Zanganeh
Published 6 May 2015, 16:27Updated 17 October 2016, 12:51
Middle EastNorth Africa