Qasemi: Iran currently pumps 4m bpd
- Iran: Wednesday, October 24 - 2012 at 02:08
Iran's oil minister Rostam Qasemi has said his country's oil production currently stands at four million barrels per day, Reuters has reported. Qasemi also said that "oil is a commercial not a political issue...When the price of oil increases, this is to the benefit of some countries. We don't want the price of oil to increase, it has to be a logical price." The International Monetary Fund estimated earlier this year that Iran's output in 2012 would average 3.6 million bpd, down from 4.1 million bpd last year.
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