{"id":11333,"date":"2024-07-17T03:16:35","date_gmt":"2024-07-17T03:16:35","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=11333"},"modified":"2024-07-17T03:16:35","modified_gmt":"2024-07-17T03:16:35","slug":"minister-iran-to-increase-crude-oil-production-to-4-million-bpd-by-march-2025","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/11333\/","title":{"rendered":"Minister: Iran to Increase Crude Oil Production to 4 Million bpd by March 2025"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0Iran&#8217;s oil production will reach four million barrels per day (bpd) by the end of current Iranian year calendar (March 20, 2025), according to Iranian Oil Minister Javad Owji.<\/p>\n<p>\u201cIran&#8217;s oil production capacity will reach four million barrels per day by March 20, 2025. In fact, the oil ministry during previous administration has not only increased oil production to a level higher than the targeted volume, but it also laid the ground for the continuation of the jump in Iran&#8217;s oil production so that the country&#8217;s target economic growth, which is supposed to reach 8%, will not stop,\u201d Owji said, according to a report published on the website of the Ministry of Petroleum or oil ministry for short.<\/p>\n<p>The oil minister emphasized that the export value of Iran&#8217;s oil and gas condensates and other petroleum and petrochemical products increased from $10.8 billion in 2018 to $36 billion in 2023, indicating a 350% increase.<\/p>\n<p>According to Owji, the capacity of storing gas has also increased by one billion cubic meters and $23 billion worth of capital was invested for the development of the joint oilfields.<\/p>\n<p>&#8220;There was a 275% growth in revenues from the export of crude oil and gas condensate in 1402 (March 21, 2023-2024) in comparison with the year 1399 (March 21 2020-2021),&#8221;<\/p>\n<p>He added that Iran\u2019s revenues from gas exports increased from $1 billion in 1399 to $4.7 billion in 1400 (March 21, 2021-2022) and $8 billion in 1401 (March 21, 2022-2023), of which $2.6 billion had been from the gas bill paid by Iraq for gas exports in the previous government.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2024-07-17T03:16:35+00:00\"> 17 July 2024<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Iran&#8217;s oil production will reach four million barrels per day (bpd) by the end of current Iranian year calendar (March 20, 2025), according to Iranian Oil Minister Javad Owji.","protected":false},"author":1,"featured_media":11334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,22,36,19,16],"tags":[],"services":[],"class_list":["post-11333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-iran","category-lastnews","category-news","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/11333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=11333"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/11333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/11334"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=11333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=11333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=11333"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=11333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}