Baku, Azerbaijan, Jan. 18
By Emil Ilgar – Trend:
Iran’s oil output increased by 9,500 barrels per day (b/d) to 3.720 mb/d in December, compared to the previous month, OPEC said in its monthly report Jan.18.
According to the report, Iran’s heavy oil price also increased $8.99 month-to-month to $51.41.
The average Iranian oil price in 2016 stood at $39.57 or $9.23 less than 2015, the report says.
In total, Iran’s oil output increased by 882,000 b/d in December 2016, compared to 2015 average.
OPEC oil output also decreased by 220,900 b/d to 33.085 in December month-to-month.
The Cartel has promised to decrease the level to 32.5 mb/d during 1H17 in average, based on agreement, achieved in November 30.