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An Iranian oil official says the country has the capacity to produce 3.7 million barrels per day of crude oil.
Hoshang Falahatian. Deputy Petroleum Minister for Planning told a press conference that Iran`s crude oil production capacity currently stands at 3.7 mbd. of which around 1.7 mbd is consumed domestically.
SHANA also quoted him as saying that Iran is capable of exporting around 2 million barrels of crude oil per day.
Falahatian further said the purpose of the cruel sanctions imposed on Iran is to prevent it from exporting its surplus oil output.
