Baku, Azerbaijan, May 5
By Dalga Khatinoglu - Trend:
Iran's gas condensate production surpassed 500,000 barrels per day, Ali Akbar Shabanpour, managing director of Pars Oil and Gas Company said on May 5.
South Pars also shares about a half of Iran's total natural gas production, Shaha quoted Shabanpour.
Iran says it's oil production has reached from 3.8 million barrels per day (mb/d), while export level raised by 0.9 mb/d in April to 2.1 mb/d, compared to the sanctions era.
According to the International Energy Agency, Iran's crude oil production increased only 0.3 mb/d during 1Q16 to 3.3 mb/d in March.
It seems, Iran adds gas condensate export volume to crude oil, announcing its total oil export.
According to Iran Custom Administration's latest report, Iran has exported about 1.34 million ton of gas condensate during the first month of current fiscal year, started on March 21. This volume equals more than 380,000 barrels per days.
Iran announced on May 5 that its oil export increased to 2.1 mb/d during current month.
Iran also produces 700 mcm/d of (raw) gas.