World IN BRIEF : IRAN : Oil Output Capacity Due to Grow by 25%
- Share via
From Times staff and Wire reports
Oil Minister Gholamreza Aghazadeh said Iran’s oil production capacity will rise more than 25% to 4.5 million barrels a day in two years. He said Iran is spending hundreds of millions of dollars to repair damage to the industry from the 1980-88 Iran-Iraq War. Oil brings in 90% of Iran’s foreign currency revenues.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
