Iran Raises Oil Output

TEHRAN (FNA)- Iran has increased its oil output to 4.23 million barrels per day, the highest since 1979, and plans to increase output further.

“Iran aims to raise its daily oil production to 4.28 million bpd by the end of the year,” Seifollah Jashnsaz, managing director of National Iranian Oil Co, was quoted by the state broadcaster as saying.