BAKU, Azerbaijan, November 12. Iran's crude oil production potential reached an average of 4.15 million barrels per day in the last Iranian year (from March 20, 2024, through March 20, 2025).
Data obtained by Trend from the Parliament Research Center of the Islamic Republic of Iran (IPRC) indicates that this figure exceeded the target for the year by 52,000 barrels per day. Actual crude oil production averaged 3.95 million barrels daily, surpassing the planned target of 3.9 million barrels per day.
The report noted that crude oil output from joint oil fields with other countries increased by 80,000 barrels per day, although the target had been to raise production by 225,000 barrels daily.
A total of 74 oil fields and 22 gas fields currently operate in Iran. Among them, 37 oil fields are managed by the Southern Oil Fields Company, 14 by the Central Oil Fields Company, five by the Arvandan Oil and Gas Company, and 18 by the Offshore Oil Company. Gas fields are distributed similarly: five under the Southern Oil Fields Company, 13 under the Central Oil Fields Company, one under Pars Oil and Gas Company, and three under the Offshore Oil Company.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels, of which approximately 340 billion barrels are recoverable with existing technologies—around 30 percent of the total—while the remaining 70 percent remains undeveloped.
---
Follow the author on X: @BaghishovElnur
