Baku, Azerbaijan, Oct. 11
By Fatih Karimov – Trend:
Iran’s oil output registered a tiny increase in September by 9,000 barrels per day month-on-month, and stood at 3.827 million barrels per day (mb/d), OPEC reported Oct. 11.
According to the report, Iran’s September oil output was 309,000 b/d more than the 2016 average and 991,000 b/d more than the 2015 output.
The Islamic Republic’s oil output was 3.848 mb/d in September, according to an OPEC report based on direct communications, indicating a 21,000-barrel difference between OPEC's estimates and Iran’s data.
According to the report, Iran’s heavy oil price increased by 7.3 percent or $3.57 month-on-month to $52.27 per barrel in September.
Iran’s major heavy oil price increased to $49.60 per barrel in 2017 from $37.14 per barrel in 2016.
OPEC members decreased oil output by 88,500 b/d in September to 32.748 mb/d, according to the report.
Saudi Arabia was the top oil producer in OPEC with 9.975 mb/d of output, followed by Iraq (4.494 mb/d), Iran (3. 827 mb/d), the UAE (2.905 mb/d) and Kuwait (2.700 mb/d).
