Middle East Economic Survey


No 19



Iran Plans To Increase Oil Production By 100,000 B/D In 2012

National Iranian Oil Company (NIOC) Managing Director Ahmad Qalebani told Mehr News Agency on 29 April that the company expects to increase Irans oil production by 100,000 b/d in the current Iranian year [21 March 2011 20 March 2012]. The company has been criticized because of a fall in Iranian oil output of 3.5% in 2010 compared to 2009, the report said. However, Mr...