The Iranian oil ministry has announced plans to increase the country’s oil production to 5.7 million barrels per day (mbpd) by 2018, according to news site Zawya.
A senior MP told IRNA about the plans presented to the parliamentary energy commission.
In the meantime, Iran’s daily gas production will reach 1000 million cubic meters per day by 2018, the MP said, citing the same plan.
Production capacity of Iran’s giant South Pars gas field in the Arabian Gulf would increase by 100 million cubic meters per day in the current Iranian year, which started on March 21, 2014, Zangeneh told the MPs.
Meanwhile, another member of the energy commission Mousa Ahmadi said that the Oil Ministry has plans to raise the import of standard gasoline and in the meantime, to increase the standard of the gasoline produced inside the country and to prevent degradation of the environment.
Iran has the second-largest proven gas reserves in the world, in addition to the fourth-largest proven oil reserves.
Iran’s biggest crude export markets–China, India, South Korea and Japan–have increased their purchases slowly but steadily during the first few months of 2014.
The increase followed an interim nuclear deal signed between Iran and the G5+1 on November 24 last year, which went into effect on 20 January 2014.
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