Iran plans to raise oil output to 4 million barrels per day — Tasnim

Iran has approved a plan to raise its oil output to four million barrels per day, the country's Tasnim news agency said on Sunday, without providing a time frame.

"An economic council headed by Iran's interim president Mohammad Mokhber has approved a plan to raise the country's oil output from 3.6 million barrels per day to 4 million barrels per day," Tasnim added.

Iran is a major producer within the Organization of the Petroleum Exporting Countries (OPEC).