World's Energy

MOSCOW, February 6 (RIA Novosti) - Iran's crude production has reached its highest level since the 1979 Islamic Revolution, the country's oil minister said on Wednesday. Iran produced 4.184 million barrels of crude on Tuesday, Gholam-Hossein Nozari said. He added that the Islamic Republic intends to reach production levels of 4.2 million barrels a day by March 20, the end of the year according to the Iranian calendar. Iran ranks fourth in terms of crude reserves after Saudi Arabia, Iraq and Kuwait, as well as fourth in terms of oil production after Saudi Arabia, the United States and Russia. Tehran exports the majority of crude produced in the country.