Iran hopes to raise its crude oil production to around 4 million b/d in the next two weeks, up from the current level of 3.89 million b/d, a senior National Iranian Oil Company official said Monday. The Islamic Republic also aims to increase its exports to 2.4 million b/d, from 2.2 million b/d currently, NIOC managing director Ali Kardor told journalists on the sidelines of a conference in Tehran. “We think we will be able to export 2.5 million b/d [by the end of the Iranian year], and gas condensates will be 500,000 b/d then,” Kardor said. Oil minister Bijan Zanganeh said in a speech to the conference Iran was aiming to reach a production capacity of 4.03 million b/d by the end of the current Iranian year in March 2017. Article Continues below… Returning to Dubai on December 6, Platts Annual Middle Crude Oil Summit is uniquely positioned […]