Iran is OPEC’s second-largest producer after Saudi Arabia. In 2007, Iran produced approximately
4.1 million barrels per day (bbl/d) of total liquids, of which roughly 3.8 million bbl/d was crude oil,
equal to about 4.5 percent of global production. For most of 2008, it is estimated that Iran’s OPEC
production was approximately 3.8 million bbl/d; OPEC-wide cuts in late 2008 have lowered its
production quota to roughly 3.6 million bbl/d. Iran’s current crude oil production capacity is
estimated to be 3.9 million bbl/d.
Posted by Dan 
