Iran’s crude oil production volume in October 2023 reached 3.115 million barrels per day (bpd), showing a 46,000-barrel hike compared to a month earlier.

Iranian Oil Minister stated that in line with the increasing plan for oil production, Iran’s oil production has increased to 3.4 million bpd.

Iran’s oil production has increased to 3.4 million barrels per day (bpd), the spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters’ Union said.

EghtesadOnline: Iran will soon tender the drilling of 20 wells in its South Azadegan oil field which is the first reservoir on tap for development under the country’s post-sanction plans.

EghtesadOnline: Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC.