TEHRAN, Dec 22 (NNN-IRNA) – Iranian Petroleum Minister, Javad Owji, said yesterday that, his country’s crude oil output has been increased by 200,000 barrels per day (bpd) to nearly three million bpd.
The Petroleum Ministry also plans to improve the quality of fuel, produced in the country’s refineries, Owji was quoted as saying, on the sidelines of a cabinet meeting.
The Isfahan Refinery in central Iran will produce some 15 million litres of the Euro 5 diesel fuel per day, in the first stage, he added.
Two other projects to produce standard Euro 5 fuel will soon be launched, in refineries in south-west Abadan and north-west Tabriz, he noted.
On Nov 9, Mohsen Khojasteh-Mehr, managing director of the National Iranian Oil Company, said, Iran was in intensive negotiations, with old and new customers, to increase its oil exports.
Since Washington pulled out of the 2015 Iranian nuclear deal, formally known as the Joint Comprehensive Plan of Action, in May 2018, Iran has been under U.S. unilateral sanctions that mainly target the country’s oil and banking sectors.
