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Iran’s oil output hiked most in OPEC in 2023
Iran had the highest oil production increase among members of the Organization of Petroleum Exporting Countries (OPEC) in 2023 with over 300,000 barrels of oil per day (bpd) rise, according to the US Department of Energy.
In its latest report, the US Department of Energy put Iran’s average daily oil production volume in 2023 at 2.870 million bpd, Tasnim News Agency reported.
According to the report, Iran’s oil production volume increased by 330,000 bpd compared to a year earlier.
This is while OPEC’s total oil production volume decreased by 630,000 barrels in 2023 compared to the year before. In total, OPEC’s member states produced 26.890 million barrels of oil per day in 2023, while they produced 27.520 million bpd in 2022.