Iran's crude output stands at 3.92 mm bpd

Iran's current oil production stands at 3.92 mm bpd, says the managing director of the National Iranian Southern Oil Company (NISOC).
Hormoz Qalavand said that about 3 mm barrels of Iran's oil output are currently produced in the oil rich regions of southern Iran. He added that Arvandan Oil and Gas Company and the Central Regions Oil Company produce 160,000 barrels each while the Iranian Offshore Oil Company pumps out a daily 600,000 barrels of oil.

About 110 mm cm of gas are also produced per day in gas fields operated by the NISOC in southern parts of the country, Qalavand added.
Earlier, Managing Director of the National Iranian Oil Company Ahmad Qalebani said that Iran's crude output capacity would climb by 150,000 bpd this year once a number of new projects becomes operational. He listed the projects as desalination units of Binak and Mansouri oilfields and development plans of Masjed Soleiman, Sarvestan, Khesht and Sa'adatabad oilfields.

Iran is the second-biggest producer in the 12-member OPEC after Saudi Arabia. OPEC, responsible for 40 % of global oil output, has kept official production level unchanged since January 2009.
The country also holds the world's second largest natural gas reserves after Russia.