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Iranian Crude Oil Output Hits Over 3mbpd: Minister

OIL

Iran’s government has increased crude oil production to over 3mbpd, state-run newspaper Shana cites Oil Minister Javad Owji.

  • The lack of financial resources is limiting investment in the oil and gas sector, Owji added.
  • Latest OPEC figures show Iran’s oil output at 2.567mbpd in March, down by 8kbpd from February.

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