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OPEC: Iraq replaces Iran as OPEC second oil producer

Iran Materials 12 July 2012 10:50 (UTC +04:00)
The Organization of Petroleum Exporting Countries (OPEC) released its monthly report on Thursday, which says that Iran’s oil output decreased by 188,500 barrels per day during last month
OPEC: Iraq replaces Iran as OPEC second oil producer

Azerbaijan, Baku, July 12 / Trend D.Khatinoglu

The Organization of Petroleum Exporting Countries (OPEC) released its monthly report on Thursday, which says that Iran's oil output decreased by 188,500 barrels per day during last month.

According to the report based on secondary resources, Iran produced about 2.963 million barrels crude oil per day in June.

Iran's oil output for first quarter of the current year and 2010 was respectively 3.383 million and 3.706 million barrels per day.

Despite Iran, its western neighbor Iraq increased oil production up to 2.984 million barrels per day, overtook Iran as OPEC's second major oil producer for the first time over two decades, namely during 8-year long war time between Iran and Iraq.

Iraq's oil production in 2010 was 2.401 million barrels per day.

The report says the oil output of OPEC's 12 members decreased totally to 31.363 million barrels per day in June, which indicates 105,900-barrel decrease compared to May.

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