Iranian Deputy Minister Underlines Eye-Catching Increase in Production of Crude Oil
"In the 14th government, an increase in daily production of over 120,000 barrels of oil has been achieved, and this trend will continue with the implementation of ongoing plans and programs," Bovard said.
He stressed the importance of long-term planning for the continuation of production.
Bovard described the formation of specialized working groups and the use of modern technologies as important factors in maximizing the exploitation of reserves, and said, "By using these capacities, billions of barrels of oil in situ can be converted into real wealth."
Officials said crude output rose by more than 120,000 barrels per day over the past year under the 14th administration, while raw gas production reached an unprecedented 1.105 billion cubic meters in the winter of 2024. Authorities say the increases underscore the sector’s central role in stabilizing the nation’s economy.
The administration took office amid intensifying US sanctions, widening budget deficits, inflationary pressure and energy imbalances at home. Despite those challenges, the Oil Ministry reported higher production levels and new investment in key fields.
Daily crude output grew by an average of 120,000 barrels compared with the start of the administration, with a peak increase of 180,000 barrels per day in May 2025. Officials said the rise came from development projects, maintenance programs and the completion of refinery supply networks.
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