Iran Says Its Oil Production Could Jump To 6.5 Million Bpd

Iran can boost its crude oil production to as much as 6.5 million barrels per day (bpd) when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Monday. Iran currently pumps around 2.5 million bpd and last produced close to the 6-million-bpd mark in the early 1970s. When the sanctions are lifted, the Islamic Republic could increase its production to over 6 million bpd, according to the oil ministry’s website quoted by Reuters. “The next Iranian government should make it a top…