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OPEC figures: Iran oil production up in May
Iran’s crude oil production increased 61,000 barrels per day (bpd) in May compared to the previous month to reach 2.679 mbd, according to OPEC’s latest monthly report published.
The country produced 2.619 million bpd of crude oil in April, Shana reported.
According to OPEC data, Iran produced 2.577 mbd in March, 2.574 mbd in February, and 2.554 mbd of crude in January.
Based on OPEC data, the country’s average crude output in the first quarter of 2023 stood at 2.57 mbd indicating a 3,000-bpd rise compared to the figure for the last quarter of the previous year.