Iran hopes to raise its crude output to 5 million barrels per day (bpd) by 2015 from 3.5 million bpd currently, Deputy Oil Minister Ahmad Qalebani said on Monday, even as a tightening web of international sanctions squeezes its energy sector.
The sanctions, the result of Iran's disputed nuclear programme, are placing a burden on foreign oil companies, which are wary of incurring hefty fines for violating the complex regulations.
� I Media LLC 2011 Source: http://www.albawaba.com/iran-hopes-lift-oil-output-2015-404285
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