The Organization of Petroleum Exporting Countries (OPEC) on Friday said that Iran’s crude oil production in March was only 2.18 million barrels a day, 52,000 barrels less than February.
Iran’s daily oil production before the US sanctions was more than 3.8 million barrels per day.
Iran’s volume of production in March, according to OPEC, is the lowest in the last 30 years.
According to Kpler, an international data intelligence company that “provides transparency solutions to commodity markets”, Iran’s crude oil exports in March were 144,000 bpd.
The International Monetary Fund (IMF) on Wednesday predicted that Iran’s oil production would continue to fall in near future. “It would fall to 1 million 860,000 BPD this year and 1 million 810,000 barrels next year.”
