Speaking on the sidelines of the inaugural ceremony of the 17th edition of the International IRAN PLAST Exhibition in Tehran on Sunday, Iranian Oil Minister Javad Owji revealed the daily production growth of one million barrels of oil per day (bpd) in the current administration, which took office in August 2021.
The daily oil production volume in the beginning year of the current administration was about 2.3 million bpd and rose to 3.3 million bpd in the current year, he said.
“The important point is that the produced oil is either consumed at the domestic refineries or exported overseas.”
Earlier, CEO of National Iranian Oil Company (NIOC) Mohsen Khojastehmehr said Iran’s oil export has doubled and will hit 3.5 million bpd by the end of the Iranian month of Shahrivar (Sept. 23).
According to OPEC’s statistical bulletin in 2023, Iran’s oil revenues in 2022 were estimated at $42.6 billion.