3,250,000 barrels of daily Iranian oil production

According to Energy Press, in its latest report, the US Energy Information Administration announced the daily production of 3.25 million barrels of Iranian crude oil in the third month of this year.

Iran’s oil production this month has increased by 30 thousand barrels per day compared to the previous month. In February, Iran produced 3,230,000 barrels of oil per day.

According to this report, Iran has produced an average of 3.2 million barrels of oil per day in the first quarter of this year.

Iran’s oil production in the months of January to March this year has increased by 50,000 barrels per day compared to the fourth quarter of the previous year and by 630,000 barrels per day compared to the first quarter of the previous year. Iran produced 2.6 million barrels per day in the first quarter of last year and 3.18 million barrels per day in the fourth quarter of this year.

With an increase of 630,000 barrels of oil production over the past year, Iran has set a record for the increase in production among OPEC members during this period. Gabon, Nigeria and Venezuela have been the only OPEC members to increase production over the past year. The production of Gabon has increased by 10 thousand, Nigeria by 40 thousand and Venezuela by 90 thousand barrels per day.

OPEC oil production in the first quarter of last year was 27,380,000 barrels per day, which has decreased by 720,000 barrels to 26,660,000 barrels per day in this quarter.

According to this report, with the increase in oil production, Iran has been able to regain its lost position among the major OPEC producers step by step. While Iran fell to the fifth place in OPEC in the first quarter of last year, in the first quarter of 2024, after Saudi Arabia and the UAE, Iran was the third largest OPEC producer.