Tehran, IRNA – The US Energy Information Administration (EIA) has announced in its latest report that Iranian oil production has surpassed 3,250 million barrels per day (bpd), indicating that Iran’s oil production increased by 630,000 bpd year-on-year from January to March.
Specifically, in the third month of 2024, Iran achieved a daily production of 3.2 million barrels of crude oil, which represents a significant growth compared to the first quarter of 2023 when Iran produced 2.6 million bpd, the report said.
Notably, the increase of 630,000 barrels per day sets a record among OPEC members for Iran during this period, it added.
As of the first quarter of 2024, Iran ranked as the third-largest OPEC producer, following Saudi Arabia and the UAE.
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