Oil industry’s damaged capacities put on path to recovery: minister

🌐 Tehran Times (IR) —
Oil industry’s damaged capacities put on path to recovery: minister

AI Summary

Iran's Oil Minister announced progress in rebuilding damaged oil industry facilities, expecting partial recovery of lost capacity by March 2027 and further recovery in the first half of the following year. This reflects ongoing efforts to restore Iran's oil production capabilities.

TEHRAN- Iran’s Oil Minister, emphasizing the favorable process of rebuilding damaged oil industry facilities, said: It is expected that part of the lost capacity will become available by the end of the current Iranian calendar year (March 2027), and the rest in the first half of next year.

World Politics Markets Commodities Energy Shipping Iran oil industry capacity recovery oil production damaged facilities energy sector

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