Iran is set to boost its crude oil capacity to 4 million b/d by March 2022, returning to levels not seen since before the US withdrew from the nuclear deal and re-imposed sanctions on the country’s crude sales in 2018, the oil ministry’s news service Shana reported Nov. 28. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Our plan is to raise the oil production capacity to what it was before the sanctions by the end of the current [Iranian] year,” Mohsen Khojastehmehr, managing director of the state-owned National Iranian Oil Co., said, according to Shana. The Iranian year ends on March 20, 2022. He didn’t give the current oil capacity but said it could grow to 5 million […]