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IEA forecasts increase in Iran's oil production

Oil&Gas Materials 10 November 2010 18:15 (UTC +04:00)

Azerbaijan, Baku, Nov. 10 / Trend A.Yusifzade /

Iran's oil production is projected to reach 4.5 million barrels per day in 2015 and 4.8 million barrels by 2020, the International Energy Agency (IEA) stated in its "World Energy Outlook 2010".

Based on the IEA report, the country's oil production will grow up to 5 million barrels per day by 2025, and will amount to 5.1 million barrels in 2030 and 5.4 million barrels - in 2035.

According to OPEC, Iran's average daily oil production totaled 3.65 million barrels in September 2010, which is less by 44,200 compared to August.

According to BP, the country's proven oil reserves amount to 137.6 billion barrels as of Jan.1.2010.

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