EA WorldView | A Window On The World:
"Iran’s new Oil Minister, Bijan Namdar-Zanganeh — after years of All-Is-Well messages by the Ahmadinejad Government — has implicitly acknowledged the effects of falling production and exports.
Calling for a reversal in the situation, Zanganeh said on Tuesday, “An increase in Iran’s oil production capacity will result in higher bargaining power in the international bodies and the OPEC. Therefore, the oil production capacity must be raised to above four million barrels a day by applying enhanced recovery methods.”
Iran’s oil production was more than 4 million barrels per day at the start of 2012 but, amid US-led sanctions, has fallen to 2.6 million barrels per day, its lowest level since the 1980s."
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