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OPEC Aug. Output Up 478,000 b/d
SHANA (Tehran) - According to its latest report, OPEC saw its August oil production reach 27.498 mb/d, up 478,000 b/d month-on-month.
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Iran, Leading Oil Output Hike
SHANA (Tehran) - OPEC data shows that Iran increased its oil production by 374,000 b/d in 2024 year-on-year. Saudi Arabia has significantly cut its output for the second year in a row.
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Iran, OPEC’s 2nd Largest Refiner
SHANA (Tehran) -- The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) has said in its 60th annual statistical bulletin (ASB) that Iran is the OPEC’s second largest refiner. According to the bulletin, Iran’s refining capacity stands at 2.237 mb/d, and accounts for 16% of OPEC’s total refining capacity.
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Energy Contact Line with Baghdad, La Paz, Moscow
SHANA (Tehran) - Iran’s oil diplomacy has picked up speed. Iran’s Minister of Petroleum, Mohsen Paknejad, met with two key energy partners, Russia and Iraq, and held talks with Bolivia. This would open fresh prospects for regional and transregional cooperation.
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OPEC April Output: 26.7 mb/d
SHANA (Tehran) - Twelve members of the Organization of the Petroleum Exporting Countries (OPEC) supplied 26.710 mb/d in April, down 62,000 b/d month-on-month, OPEC stated in its May report.