Iran’s liquid fuels output increases to 4.6 mln b/d

Business Materials 7 December 2016 15:19 (UTC +04:00)

Baku, Azerbaijan, Dec. 7

By Fatih Karimov – Trend:

Iran’s liquid fuels output increased by 100,000 barrels per day (b/d) to 4.6 million b/d in November 2016 compared to the preceding month, the US Energy Information Administration (EIA) reported.

Iran’s liquid fuels production, including crude oil, condensates and natural gas plant liquids (NGPL) increased by 1 million b/d to 4.5 million b/d in October-November 2016 compared to the same months of preceding year on average.

Iran’s liquid fuels production, which reached a peak of 6.1 million b/d in 1974, has been well below that level since 1979. The figure averaged at 3.3 million b/d in 2013-2015.

Iran’s liquid fuels consumption stood at 1.7 million b/d in November 2016, no change from the preceding month, according to the report.

The figure stood at 1.8 million b/d on average in October-November 2015.

The country’s average liquid fuels consumption was 1.9 million b/d in 2013-2015.