Petroleum Minister: Iran Exporting Crude Oil to 17 Countries

Date: 03 July 2024 - 22:38

News ID: ۱۲۹۰۱۷

TEHRAN – Iran’s Petroleum Minister Javad Owji has said that the country is currently exporting crude oil to 17 countries, including some in Europe.
Iran will not face any problem in exporting oil no matter who comes to power in the U.S., Owji stressed.
Speaking at a ceremony, he stated that good investment has been made in the past three years in the oil industry.
Iran produced 2.2 million barrels of oil per day (bpd) at the outset of the administration of the late President Ebrahim Raisi (August 2021) but the current oil production rat is about 3.570 million bpd, showing a considerable hike, Owji underlined.
He went on to say that Iran’s oil exports rose from 182 million barrels in 2019 to 565 million barrels last year.
In addition, the value of the export of oil and gas condensates and other oil and petrochemical products rose from $10.8 billion in 2019 to $36 billion last year, registering a 3.5fold growth, the oil minister added.