(MENAFN) Deputy oil minister for planning and supervision over hydrocarbon resources said that exports of Iranian oil are expected to rise reaching 2.5 million barrels per day over the following year, according to Iran Daily.
Demand on oil is expected to grow by 1.1 million barrels per day globally over the following year, said Mansour Moazzami.
He added: "This is while the Organization of Petroleum Exporting Countries (OPEC) plans to increase crude output by 1.8 million barrels per day next year."
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