Iran does not intend to cut oil production

The Acting Oil Minister, Mohammad Aliabadi, said that Iran does not intend to cut oil output in connection with the discovery of major new oil and gas fields in the country, SalamNews reports.

According to the information of the executive director of the national oil company of Iran, Ahmad Galebani, Iran is the fifth largest producer of crude oil in the world and has 155 billion barrels of oil in the reserves.

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