Iran’s oil production down 48,000 bpd: OPEC
OPEC released a new monthly report on Saturday about member's crude oil output, saying Iran's oil production decreased again by 48,000 barrels per day in October compared to September and fell to 2.626 million barrels per day.
According to OPEC report based on secondary sources (OPEC's own resources and credible international organizations' stats), Iran's daily oil output has fallen to this figure from 3.628 million bpd in 2011.
However, Iran has refused to prove October oil output figures to OPEC, meanwhile, statistical data that Iran's Oil Ministry submitted to OPEC (direct communication) shows that Iran produced about 3.739 mbpd in September, which indicates a huge amount difference with OPEC statistics.
Iran is OPEC's forth oil producer after Saudi Arabia, Iraq, Kuwait and UAE. According to OPEC's report, the 12 member countries' crude oil output was 30.946 mbpd in October, 946 mbpd of crude oil more than OPEC ceiling.
Opec members are Saudi Arabia, Iraq, Venezuela, Libya, Kuwait, Ecuador, Nigeria, Qatar, UAE, Iran, Algeria and Angolia.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!