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Apr 06 2014

EIA: Iran's oil output at 3.2 mbpd in 2013

US Energy Information Administration (EIA) announced that Iran produced 3.2 million barrels per day (mbpd) of oil in 2013 maintaining its 2nd rank in the Organization of Petroleum Exporting Countries (OPEC).

According to EIA's latest Monthly Energy Review, Iran's oil output shrank by 167,000 bpd in 2013, compared with that of last year, Tasnim News Agency reported.

Iran's crude oil production dropped by 687,000 bpd in 2012, which was the first year in which Western sanctions against Iran were enforced.

This is while in its bimonthly report, EIA said Iran produced 2.8 mbpd of oil in 2013.

The 400,000-barrel difference between the two reports might be due to the inclusion of gas condensates in EIA's Monthly Energy Review.

According to this report, Iran remains OPEC's 2nd major oil producer in 2013.

Saudi Arabia, by producing 9.68 mbpd of oil, ranks first among OPEC member countries in terms of crude production in 2013.

Also, Iraq produced 3.05 mbpd in this period and ranked third in terms of crude production.

The total output of OPEC in 2013 amounted to 32.34 mbpd, indicating a decline of 830,000 bpd compared with 2012.

OPEC is a permanent intergovernmental organization of 12 oil-exporting developing nations that coordinates and unifies the petroleum policies of its member countries.

The EIA is a principal agency of the US Federal Statistical System responsible for collecting, analyzing and disseminating energy information to promote sound policymaking, efficient markets and public understanding of energy and its interaction with the economy and the environment.

EIA programs cover data on coal, petroleum, natural gas, electric, renewable and nuclear energy. It is part of the US Department of Energy.

© Iran Daily 2014

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