TEHRAN (Iran News) – In its latest report, the Organization of Petroleum Exporting Countries (OPEC) announced that the volume of oil production in Iran as of February 2020 hit 2.080 million barrels per day (bpd), registering only a 2,000-barrel decline as compared to a month earlier.
Accordingly in OPEC reports, the Islamic Republic of Iran produced 2.082 million barrels of oil per day (bpd) in Jan. 2020, the rate of which hit 2.093 million barrels of oil per day in Dec. 2019.
Iran’s average oil output in 2018 and 2017 hit 3,553,000 and 3,813,000 barrels per day respectively, the rate of which hit 2,356,000 barrels per day in 2019.
Based on the secondary sources, total OPEC-13 preliminary crude oil production averaged 27.772 mb/d in February. Crude oil output increased mainly in Iraq, Nigeria, Angola, Congo, and UAE while production decreased primarily in Libya and Saudi Arabia.
OPEC produced 28,318,000 barrels of oil per day (bpd) in Jan. 2020.
The Islamic Republic of Iran, Libya and Nigeria are exempted from a deal to an oil production cut.
- source : MNA, Irannews
