Iran plans to up crude oil export to 2.4 mb/d by March
Baku, Azerbaijan, Sept. 14
By Emil Ilgar – Trend:
Iran plans to produce 4 million barrels per day (mb/d) of crude oil by March 2017, 1.6 mb/d of that would be consumed domestically and the rest would be exported, Managing Director of National Iranian Oil Company (NIOC), Ali Kardor said Sep.14.
Before imposing nuclear sanctions on Iran, the country was producing about 3.7 mb/d of crude oil, of which 2.2 mb/d was being exported.
Iran also was exporting 250,000 b/d of gas condensate in 2011, which it increased to about 400,000 currently.
According to IRNA, Kardor said that currently Iran imports 16 million litters of gasoline per day, but the volume would decrease in the second half of the current fiscal year, started on March 21.
Iran consumes more than 72 million litters of gasoline per day.
According to the latest statistics of the International Energy Agency as well as OPEC, Iran’s crude oil production was about 3.65 to 3.7 mb/d in August.
Iran plans to commence a pipeline from West Karoun block to oil terminals in Persian Gulf with transit capacity of 300,000 b/d. Currently the block produces 225,000 barrels and the volume would increase by 90,000 b/d by March 2017.
Therefore, Iran would be able to add about 300,000 b/d of oil from this block.
Iran also plans to increase the output of some other fields, like Salman, in the coming months.