Gharazi Says Iran's Oil Production Capacity Is 3.5mn b/d 

Iran's current oil production capacity is nearly 3.5mn b/d (compared to its OPEC quota of 2.3mn b/d), according to Iranian Oil Minister Mohammed Gharazi. According to Mr. Gharazi, speaking in Tehran on 4 March, onshore capacity is 3.2mn b/d and offshore capacity 270,000 b/d. He also said that Iran's refining capacity is now 750,000 b/d.