A general view of an oil facility in the Khark Island. Iran’s crude oil production has surpassed 3.8mn bpd, Oil Minister Bijan Zanganeh was quoted as saying yesterday, adding that Tehran expects output to reach 4mn bpd by March 2018. “Oil production has exceeded 3.8mn barrels. The country’s oil output will reach 4mn barrels by the end of the year,” Zanganeh told Fars news agency, referring to the Iranian year which ends on March 20. In mid-June, Zanganeh said output had reached 3.8mn bpd.


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