Iran’s Jan. oil output, price down – OPEC
ILNA: Latest figures released by the Organization of Petroleum Exporting Countries(OPEC) on Monday show that Iran produced 2.75 million barrels of oil per day(mb / d) in January.
OPEC said in its Monthly Oil Market Report for February that Iran’s total crude production over past month had registered a major drop of ۲۵,۰۰۰ barrels per day compared to December ۲۰۱۴.
The drop was the third highest after Iraq(۲۷۹,۰۰۰ bpd) and Libya(۱۳۱,۰۰۰ bpd).
Nevertheless, figures show that Iran’s average oil production over ۲۰۱۴ rose by ۹۳,۰۰۰ bpd and stood at ۲.۷۶ mb / d.
Among OPEC members, Angola had the highest increase in its January production. The African nation saw its oil output rise by ۱۲۲,۰۰۰ bpd over the month to reach ۱.۷۷ mb / d.
Angola was followed by Kuwait, Nigeria and Saudi Arabia that have registered increases of ۷۷,۰۰۰ bpd, ۴۴,۰۰۰ bpd and ۹۳,۰۰۰ bpd, respectively.
Other figures released in OPEC’s report show that the average price for Iran’s heavy crude oil for January stood at $۴۲.۸۴ per barrels. The figure shows a decrease of $۱۶ compared to the average price for December – the highest drop in price among the crude of all OPEC member states.
The Organization also says the average price of Iranian oil for ۲۰۱۴ stood at $۱۰۴.۸۹ per barrel.. It said the average price of Iranian oil for ۲۰۱۵ is expected to stay around $۴۲.۸۴ per barrel.