...

Iran's liquid fuels production increases by 1 mb/d annually

Oil&Gas Materials 8 June 2016 13:34 (UTC +04:00)

Baku, Azerbaijan, June 8

By Emil Ilgar - Trend:

Iran's liquid fuels production increased by million barrels per day (mb/d) to 4.4 mb/d in May 2016 compared to April - May 2015, on average, the US Energy Information Administration (EIA) reported.

The term "petroleum and other liquids" encompasses crude oil, lease condensate, natural gas liquids, biofuels, coal-to-liquids, gas-to-liquids, and refinery processing gains.

The report didn't update Iran's crude oil production level for May, but said that the country produced 3.03 mb/d in 1Q16 compared to 2.8 mb/d in 4Q15.

However, Iranian officials have repeatedly stated that their crude oil output level reached 3.7 mb/d in May.

Latest

Latest