Iran’s oil production increased 140,000 bpd last year

1/31/2023 8:28:34 AM

(MENAFN) In a recent analysis, the U.S. energy Information Administration (EIA) estimated that Iran will produce an average of 2.54 million barrels of oil per day (bpd) in 2022, an increase of 140,000 bpd from the previous year.

Iran produced 2.4 million bpd or thereabouts of oil in 2021.

The Islamic Republic managed to produce 2.56 million bpd of crude oil on average in the final quarter of 2022, according to an EIA study titled "Short-term Energy Outlook."

According to EIA data, Iran produced 2.58 million bpd of oil in the final month of 2022.

As a result, Iran produced more oil in December 2022 than the previous month and by 130,000 barrels more than it did at the same time in 2021.

Iran produced more over 2.56 million bpd of oil in November 2022 and more than 2.45 million bpd in December 2021.

This study states that OPEC produced 28.93 million barrels per day (bpd) of oil in December 2022, up 190,000 barrels per day from the previous month.

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