Baku, Azerbaijan, June 25
By Emil Ilgar – Trend:
National Iranian South Oil Company increased the oil production to above 2.92 million barrels per day (mb/d), said Seyyed Abdollah Mousavi, a member of board of director of company, Shana reported June 25.
He said that this volume equals 80 percent of the country's total crude oil output.
Therefore, currently Iran produces about 3.65 mb/d of crude oil.
He didn't mention the exact growth volume of production, however Iran's crude oil production was about 3.8 mb/d before sanctions. The figure dropped by 1 mb/d in 2015 due to sanctions.
Western sanctions on Iran were eliminated on January 2016, and that led to sudden resumption of the country's oil output and export levels.
According to the International Energy Agency, Iran exported 2.1 mb/d of oil in May. The figure doubled, compared to the sanctions era, but it is still 0.1 mb/d less than the pre-sanctions level.