Speaking at a ceremony on Tuesday, 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, but the
current oil production rate is about 3.570 million bpd, showing a considerable
hike, Oji 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 US$10.8 billion
in 2019 to US$36 billion last year, registering a 3.5 times growth, the oil
minister added.
Iran has risen to become the fourth largest oil exporter
within the Organization of the Petroleum Exporting Countries (OPEC) due to a
surge in oil production and sales.
The report cited the rise in Chinese oil demand and the
expansion of Iran's oil tanker fleet as the main factors contributing to the
surge in Iran's oil exports.
