Crude Oil Production in Iran decreased to 2370 BBL/D/1K in May from 2597 BBL/D/1K in April of 2019. Crude Oil Production in Iran averaged 3549.52 BBL/D/1K from 1973 until 2019, reaching an all time high of 6677 BBL/D/1K in November of 1976 and a record low of 510 BBL/D/1K in October of 1980.
Crude Oil Production in Iran is expected to be 3000.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Iran to stand at 3400.00 in 12 months time. In the long-term, the Iran Crude Oil Production is projected to trend around 3250.00 BBL/D/1K in 2020, according to our econometric models.