Comments from Ali Kardor, head of the state-run National Iranian Oil Company (NIOC) (via Reuters)
- Expects its oil production to reach 4 million barrels per day by mid-April
- Plans to drill 500 new wells over the next five years
- To raise output to 4.7 million bpd
Also:
- Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province
