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The Islamic Republic’s crude production has halved to around 2 million bpd.(AP)

Will develop oil industry despite US sanctions, says Iranian Oil Minister Zanganeh

Dubai | By Reuters | Posted by Prashasti Singh
UPDATED ON JUL 11, 2020 12:34 PM IST
Hit by reimposed US sanctions since Washington exited Iran’s 2015 nuclear deal in 2018, Iran’s oil exports are estimated at 100,000 to 200,000 barrels per day, down from more than 2.5 million bpd that Iran shipped in April 2018.
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