MP: Budget Estimation of Crude Output Level for This, Next Years Corresponding

The parliament and government are expected to estimate the same amount of oil production for next year.

Tajgardoon said, “Iran should raise its production ceiling to the level of four million bpd and its exports to 2,700,000 bpd.”

The MP made the remark on the sidelines of the parliament open session which discussed the OPEC consultative ministerial meeting held in Algeria last week.

He said the new OPEC decision and breakthrough for cutting the production ceiling is adequate and a step forward but Iran should retain its former position.