Iran seeking to reach pre-sanctions level of production: NIOC May reach that level of output by end-2016 or early-2017: NIOC It will be too early for Iran to discuss freezing crude output when the world’s biggest producers meet later this month in Algiers, according to an official from the Persian Gulf nation’s state-oil company. Iran will be ready to decide on capping production once output reaches the level it was before international sanctions were imposed on the country, Mohsen Ghamsari, director for international affairs at state-run National Iranian Oil Co., said in an interview in Singapore Thursday. That’s “slightly” above 4 million barrels a day, which may be achieved by the end of 2016 or early next year, he said. The nation is currently pumping about 3.8 million barrels daily. “As soon as we come back to pre-sanction levels, we will be ready to discuss quotas and level of […]