Middle East Economic Survey

VOL. XLVIII

No 32

8-August-2005

Iran

Zanganeh Highlights Oil Output Capacity Rise During His Period As Minister

Petroleum Minister Bijan Zanganeh told reporters on 31 July that Irans oil production capacity had reached 4.2mn b/d by the end of July (MEES, 1 August), and had risen by 350,000 b/d during his eight years as petroleum minister, despite an annual fall of around 300,000-400,000 b/d a year due to natural decline in the countrys aging reservoirs. In his final...