Iran Producing Nearly 4.5m bpd of Oil

Iran is producing around 4.5 million barrels per day (bpd) of crude less than a year after the removal of anti-Tehran sanctions, a report said.

Iranian refineries are pumping out around 4.5 million barrels per day (bpd) of oil and ultra light oil condensate, according to the preliminary tanker schedule, Reuters reported.

Iran exported 2.56 million bpd of crude oil and condensate in October, which showed a decline from 2.60 million bpd in September.

The September exports were the most since mid-2011, and compare with just under 2.5 million bpd in August.

Iran’s crude and condensate exports to Asia in October are likely to total 1.83 million bpd, down from 1.96 million bpd in September, but still more than double from a year earlier.

(Source: Tasnim, under Creative Commons licence)

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