Iran’s oil production increased to 3.4 million barrels per day

According to Energy Press, Seyed Hamid Hosseini added about the increase in crude oil production in the 13th government: the latest published reports show that Iran’s oil production has increased to three million and 400 thousand barrels per day, while until some time ago Iran’s daily oil production was about 2.9 million barrels.
Stating that in the 13th government, there was an opportunity to increase oil production and export and there is a demand in the market, he explained: “We used to have this production, but we closed some of the wells, because we were not able to sell oil.” Now the wells have been opened and repaired and are back in the production cycle and we can increase the production to 3.8 million barrels.

He continued:”If we want to increase oil exports from three million and 800 thousand barrels per day to four million and 200 thousand barrels per day, we must invest an average of 25 thousand dollars per barrel of oil, but now because These wells
It was exploited before this, we have the opportunity to increase oil production to 3.8 million barrels per day.“