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Iran’s 3-Qs oil output up by 19% - EIA

Business Materials 23 December 2016 16:19 (UTC +04:00)

Baku, Azerbaijan, Dec. 23

By Emil Ilgar – Trend:

Iran’s oil production increased by 18.8 percent to 3.92 million barrels per day (mb/d) during January-September 2016, the US Energy Information Agency reported Dec. 23.

According to the report, Iran’s oil output, including gas condensate, stood at 4.170 mb/d in September, about 20,000 b/d more than November and 870,000 b/d more than September 2015.

Iran’s September oil production was the highest since late 1980s.

The report didn’t mention the volume of crude oil and gas condensate separately, but according to OPEC and International Energy Agency’s reports, Iran’s crude oil production was around 3.65 mb/d in September.

Iran also says it produces about 560,000 b/d of gas condensate.

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