Iran targeting 2.3mbpd of oil exports this fiscal year – Shana news

FXStreet (Mumbai) - As per Shana news report, the managing director of the National Iranian Oil Company (NIOC) said Iran is targeting export of 2.3 million barrels of crude oil a day for next year (starting March 21) and has put the figure in the draft budget bill.

Iran is targeting an export increase of 500,000 barrels after removal of sanctions and a subsequent increase of another 500,000 barrels.