The Organization of Petroleum Exporting Countries (OPEC), in its Annual Statistical Bulletin 2022, has put Iran’s daily refining capacity in 2021 at 2.202 million barrels, indicating 1,000 barrels per day (bpd) increase compared to 2020.
Iran’s refining capacity has increased by more than 480,000 bpd from 2011 to 2021, according to OPEC’s Annual Statistical Bulletin. Iran’s refining capacity in 2011 was reported to be 1.715 million bpd.
Despite all the external challenges like the coronavirus pandemic and the U.S. sanctions, the Iranian oil and gas sector has been developing at a fast pace and the country is passing new milestones in this industry every day.
Various sectors of Iran’s oil and gas industry including exploration, production, processing, and distribution are all among the world’s top charts and the country is new steps to develop the industry even further.—Tehran Time