Iran Now Lagging Behind UAE in Oil Production
November 6, 2023
The 1970s were the heyday of the Iranian oil industry, when the country’s output accounted for 10 percent of global production. In the mid-1970s, Iran pumped a record 6 million barrels per day (bpd), almost four times more than the neighboring United...
In the 42 years since the Islamic Republic was formed, Iran’s domestic oil production has never once reached its pre-revolution rates. A new report by Iran Open Data has charted the country’s beleaguered attempts to improve outputs since 1979 and the...