Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

IRAN

Irans Capacity Target Necessitates Policy Change, Says Fesharaki

Iran aims to raise its oil production capacity to 5.4mn b/d by 2010, and plans by then to be producing 4.6mn b/d while holding spare capacity in the manner of Saudi Arabia, according to Fereidun Fesharaki, President of FACTS Inc, Honolulu. In a keynote address to the Energy Security In The Changing World conference, organized by the Iranian Association for Energy Economics...