IRAN SETS SIGHTS ON 5 MILLION B/D OF CRUDE

Iran, currently producing 3.2 million b/d of oil, has set a production target of 5 million b/d by March 1994. On the way to that target Iran's oil flow will climb to 4 million b/d by March 1993, says A. Moshtaqhian, director of exploration and production for National Iranian Oil Co. (NIOC). With oil reserves of about 100 million bbl, Iran will find it easy to increase productive capacity, Moshtaqhian told the Gulf Oil and Politics publication.

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