Iran's oil production will increase by the end of the year from 2.8 million to 3.1 million barrels per day - Forecast

Almaty. April 3. Silkroadnews - In the IV quarter of this year, Iran will increase oil production to 3.1 million barrels per day compared to 2.8 million barrels, which are mined in the country at the moment, reports Trend with reference to the forecast in the report of the bank JP Morgan.
The authors of the report expect that in 2016, oil production in Iran will be at the level of 3.2 million barrels per day. If sanctions against Iran are lifted, it will lead to an increase in oil production in the country.
In view of these developments, the report's authors expect that, since the fourth quarter of 2015, Iran will produce an additional 300 thousand barrels of oil per day, and this figure will increase to 500 thousand in the first quarter of 2016.
Recall that Iran and the "six" (Russia, USA, UK, France, Germany and China) for negotiations in Lausanne on April 2 agreed on the basic parameters of a comprehensive agreement on the Iranian nuclear program. Work on the agreement, the parties intend to complete by 30 June.
After the talks, the EU and the US said that the effect of introducing sanctions against Iran will be suspended if the IAEA confirms that Iran has fulfilled all the key terms of the agreement.