A.Rafay
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TEHRAN: Iran produces 4 million barrels of oil per day, Oil Minister Rostam Qasemi said on Tuesday, rejecting OPEC estimates of a production decline to 2.7 million bpd, the ISNA news agency reported.
"Iran continues to produce 4 million barrels of oil per day," the agency quoted Qasemi as saying on the sideline of an energy conference in the United Arab Emirates.
The Organisation of the Petroleum Exporting Countries (OPEC) has estimated that production in sanctions-hit Iran fell to 2.7 million bpd in September, while official figure provided to the OPEC by Tehran was 3.7 million barrels.
Qasemi also denied that Iran's exports have fallen in September to nearly 860,000 bpd as estimated by the International Energy Agency (IEA), saying it stood at 2.2 million bpd.
"Despite attempts by Western countries to stop the sale of Iranian oil, we produce at full capacity... and exports have been stable in recent months," he said.
Western sanctions have imposed since the beginning of the year an oil embargo on Iran, ending European purchases of Iranian crude oil while exports to Tehran's Asian customers fell significantly between 10 to 30 percent.
In early September, President Mahmoud Ahmadinejad acknowledged that Iran had "some problems" to sell its oil because of the sanctions.
Iran oil production steady: minister - thenews.com.pk
"Iran continues to produce 4 million barrels of oil per day," the agency quoted Qasemi as saying on the sideline of an energy conference in the United Arab Emirates.
The Organisation of the Petroleum Exporting Countries (OPEC) has estimated that production in sanctions-hit Iran fell to 2.7 million bpd in September, while official figure provided to the OPEC by Tehran was 3.7 million barrels.
Qasemi also denied that Iran's exports have fallen in September to nearly 860,000 bpd as estimated by the International Energy Agency (IEA), saying it stood at 2.2 million bpd.
"Despite attempts by Western countries to stop the sale of Iranian oil, we produce at full capacity... and exports have been stable in recent months," he said.
Western sanctions have imposed since the beginning of the year an oil embargo on Iran, ending European purchases of Iranian crude oil while exports to Tehran's Asian customers fell significantly between 10 to 30 percent.
In early September, President Mahmoud Ahmadinejad acknowledged that Iran had "some problems" to sell its oil because of the sanctions.
Iran oil production steady: minister - thenews.com.pk
