Largest oil producer Iran said it would increase its oil production to dosanktsionnyh levels in the next few months, despite a deal between Russia and Saudi Arabia, which is aimed at stabilizing the oil market.
The head of the department for international affairs at the National Iranian Oil Company (NIOC) told CNBC Wednesday that crude oil production in Iran reached 3.8 million barrels per day, and continue to grow.
"Our current production rate is slightly more than 3.8 million barrels per day at a rate of more than 4 million to the introduction of sanctions", - said Seyed Mohsen Gamsari, who spoke at the oil conference in Singapore organized by the S & P Global Platts. Mr. Gamsari believes that the oil market will reach a balance in the fourth quarter of this year or in early 2017.
Based on materials WELTRADE