Iran is ready to boost its crude oil capacity to 4 million b/d by March 2022, levels not seen since before the US withdrew from the nuclear deal and re-imposed sanctions on the country’s crude sales in 2018. “Our plan is to raise the oil production capacity to what it was before the sanctions by the end of the current [Iranian] year,” Mohsen Khojastehmehr, managing director of the state-owned National Iranian Oil Co. said. The Iranian year ends on March 20th, 2022. Natural gas is also part of the expansion, with one train in phase 14 of South Pars offshore gas field set to go on stream within two months. Also, phase 11 of the shared field with Qatar will become operational in the next Iranian year. Khojastehmehr said that oil and condensate exports have increased recently, without giving further details. The announcement came just as the next round of Iran nuclear talks, which could swing global oil supply by 1.5 million b/d next year, is set for Nov. 29 in Vienna after a five-month pause.