IRAN

Iran Boosts Output to 2mn b/d

Iran's current oil sales drive - based largely on barter and counter-trading - has been successful in raising Iran's production substantially from the very low level recorded in January. MEES reckons that in the second half of February Iran's crude output increased to around 2mn b/d (which would indicate exports of about 1.3 to 1.4mn b/d), as compared with only 1.25mn b/d in January. Production and exports are expected to rise further next...