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The International Energy Agency (IEA) in its latest “Oil Market Report” put Iran’s oil production in December at 2.72 million barrels per day, indicating that the country has risen to the fourth place among OPEC’s top oil producers. Iran’s oil exports have reached new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions. Iran has been ramping up its oil production and exports over the past year as the country has been implementing new strategies to overcome U.S. sanctions.

Iran raised to 4th place among top OPEC producers in December by the IEA

The International Energy Agency (IEA) in its latest “Oil Market Report” put Iran’s oil production in December at 2.72 million barrels per day, indicating that the country has risen to the fourth place among OPEC’s top oil producers. Iran’s oil exports have reached new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions. Iran has been ramping up its oil production and exports over the past year as the country has been implementing new strategies to overcome U.S. sanctions.

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