Iran’s oil output (around 4 million barrels per day) is near pre-sanction levels’: Iran’s Oil Minister Bijan Zanganeh

 Iran’s oil output (around 4 million barrels per day) is near pre-sanction levels’: Iran’s Oil Minister Bijan Zanganeh
Announcement came as Iran on Monday officially invited global energy giants to bid for its new round of oil exploration and development projects.
Asked whether Iran will accept to decrease its oil production once it reaches the pre-sanctions levels as a per a plan on agenda of the Organization of the Petroleum Exporting Countries (OPEC), the Iranian oil minister said the Organization will in its November meeting discuss production ceilings and that no reduction in output is expected to be discussed.
OPEC member states agreed in a meeting in Algiers last month to cut their production – the first such decision in eight years. Nevertheless, they excluded Iran, Libya and Nigeria who were allowed to continue producing at "the maximum level that makes sense".
Iran had already made it clear that it is determined to restore its oil production to pre-sanctions levels, rejecting calls to cut its output.
Courtesy: Embassy of Islamic Republic of IRAN- Stockholm