(MENAFN) For the first time since 2012, Iran's oil exports have risen to 1.8 million barrels per day (mbd), and many top global experts anticipate the rising trend of crude oil exports will continue.
Accordingly, the National Iranian Oil Company has stated that in order to materialize and achieve future objectives, not less than 2 billion barrels of oil should be produced a year.
Ever since the historic removal of sanctions in January, Iran has been working to raise production by 1 mbd on top of another million barrels which the Republic has already been producing.
The Islamic Republic's oil industry is sustained by Europe's resumption of imports; especially France's Total, Spain's Cepsa and Russia's Litasco, thus Iran have bought 4 million barrels since Jan.
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