Iran boosts oil production to five-year high ...News

Output now exceeds three million barrels a day, statistics show Iranian oil output has increased by nearly 1 million barrels per day (bpd) since August 2021 and has now reached the highest level in almost five years at 3.1 million bpd, the news agency IRNA reported over the weekend. This represents the highest level since President Ebrahim Raisi took office in August 2021. The almost 80% growth in the Islamic Republic’s oil revenues has made up for a major deficit in the fiscal budget, according to Hossein Hosseinzadeh, a member of the Iranian parliament's energy committee. He attributed the surge in oil output an

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