Iran’s oil production at 3.25 million barrels per day
Iran has boosted its oil production up to 3.25 million barrels per day (mmbpd), an informed source told the Fars News Agency.
The output has been increased by 150,000 barrels per day, the source said.
"Sanctions at the beginning of 2012 sharply cut Iran's oil output, but the situation went better as time passed."
Further boost of the output and expansion of exports is planned in 2013.
On November 13, the International Energy Agency reported that Iranian oil output rose in October after seven months of decline due to Western sanctions and its exports rebounded strongly as China and South Korea bought more oil.
The IEA said the rebound in Iranian output was adding to a bearish picture of growing oil supply while demand remained depressed due to a weak global economy.
"With the bulk of Iranian crude now heading to Asia, however, the main impact of the new EU measures will likely be on the country's financial sector," the IEA said.