Iran was the 7th largest crude oil producer in the world in 2023, according to the British IE Institute.
Iran also ranked second in the world in terms of rise in production, registering a 19-percent growth in production of crude oil and condensates last year, the institute added.
In its report on the review of global energy, the IE Institute said Iran ranked second in terms of increasing the volume of its crude oil production in 2023.
Despite the cruel and unilateral sanctions imposed by the United States, Iran produced 3.940 million barrels of crude oil and condensates per day (bpd) in 2023, registering a 19-percent growth compared to a year earlier, the report said.
Iran had produced more than 3.331 million bpd of oil in 2022.
More than 82 million barrels of oil per day were produced in the world in 2023, showing a 1.4 percent growth compared to a year before.
Production of crude oil and condensates in Saudi Arabia decreased by 8.6 percent in 2023.
According to this report, Iran accounted for 4.8 percent of the world’s total crude oil and gas condensates production in 2023.