Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops The Islamic Republic is aiming to have reached a production level of 4 million barrels per day by March of 2022 A large part of this production increase will come through the country’s efforts to attract significant investment from both foreign and domestic investors Iran has not given up on plans to boost its oil production to more than 5 million barrels per day despite the lack of progress on nuclear talks, Bloomberg reported , citing the managing director of the National Iranian Oil Company. “Plans are in place to increase oil output to more than 5 million barrels a day,” Mohsen Khojastehmehr told IRNA ahead of the new round of nuclear talks in Vienna that begins today, after a five-month pause. The BBC reports […]