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Tuesday, October 18, 2016

OPEC puts Iran's oil output less than real volume.


OPEC puts Iran's oil output less than real volume. (Taz).

OPEC has put Iran’s oil output figure about 250,000 barrels per day less than the real volume, Ali Kardor the managing director of Iranian National Oil Company told Trend.

According to OPEC’s latest monthly report based on the secondary sources, Iran produced about 3.65 million barrels per day (mb/d) of crude oil in September.


Kardor said that the country’s real crude oil output is 0.25 mb/d more than OPEC’s estimation.

Iran plans to boost oil output to 5.5-6 mb/d by 2021.Hmmmm......This won't pass on the next OPEC meeting in November. Iran will refuse any production output cuts.Read the full story here.

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