IEA: Iran’s oil output registered upswing of 200,000 bpd in July
The International Energy Agency (IEA) reported an increase of around 200,000 barrels per day in Iran’s crude oil production in July.
According to Shana, the IEA’s latest Short-Term Energy Outlook shows that Iran’s oil output reached 3.27 million barrels per day in July, compared with 3.08 million barrels per day in June, marking a 190,000-barrel increase.
The report stated that the total oil production by the 12 members of the Organization of the Petroleum Exporting Countries (OPEC) stood at 28.21 million barrels per day in July, down by 210,000 barrels from the previous month. OPEC’s June output had reached 28.42 million barrels per day.
Speaking to reporters on the sidelines of a cabinet meeting on July 15, Oil Minister Mohsen Paknejad said, “I will not comment on figures for oil production and exports, but the trend of crude oil output and exports continues as before, and the situation in this sector is favorable and without problems.”
Hamid Bovard, CEO of the National Iranian Oil Company (NIOC), told a press briefing in May that despite challenges, production increased by 150,000 barrels last year. He added that plans have been made to raise output by another 250,000 barrels this year (began on March 20, 2025).
Meanwhile, according to data published in the 60th edition of OPEC’s Statistical Bulletin, Iran recorded the world’s highest growth in crude oil production in 2024, with a 13 percent increase.
Daily crude oil output rose by 374,000 barrels, climbing from 2.884 million barrels in 2023 to 3.257 million barrels in 2024.