Iran’s Oil Production Reaches 5-Year High Despite Sanctions

Iran’s Oil Production Reaches 5-Year High Despite Sanctions

Iran’s total oil production has reached 3.25 million barrels per day (mbbl/d), increasing 50,000 barrels per day (bbl/d) in April 2024, compared to the previous month, according to the International Energy Agency’s monthly report on global oil production.

This figure is the highest level of Iran’s crude oil production in the past five years following the US withdrawal from the internationally endorsed Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), and the re-imposition of sanctions.

The IEA also reported that Iran’s total oil production in 2018 was 3.6 million bbl/d, and in April 2024 it stood at 3.3 mbbl/d.

The total OPEC oil production in April was 26.97 mbbl/d, recording a 120,000 bbl/d increase from the previous month.

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Doaa Ashraf 458 Posts

Doaa is a staff writer with a Bachelor's Degree in Mass Communication, majoring Journalism from Ahram Canadian University. She has 2-3 years of experience in copywriting, and content creation.

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