Iran’s liquid hydrocarbon output hits 4.5 mln barrels per day
Azerbaijan, Baku, Mar. 11/ Trend F.Milad/
Some 4.5 million barrels per day (mbpd) of liquid hydrocarbons, including condensates, has been produced in Iran in the current calendar year, which ends on March 19, the National Iranian Oil Company official said.
"The country's average crude oil production hit 3.9 million barrels per day, and the figure is forecasted to reach 4 million barrels per day once underway development plans come on stream, Shana news agency quoted Amir Masoud Jabbari-Rad.
Iran is set to increase its daily oil production by 45,000 barrels. Iran shares oil and gas fields with most of its neighbors including Iraq, Kuwait and Persian Gulf littoral countries such as Qatar and Oman.
The country is the OPEC's second largest oil producer and the fifth crude exporter in the world.
In recent years, Iran has been gradually moving towards becoming a major exporter of refined oil and petrochemical products with significant success.