(Bloomberg)
Iran will earn $110 billion from crude oil production in the Iranian calendar year that ends March 19, the state-run Mehr news agency said, citing a member of the parliament’s economic committee, Gholamreza Mesbahi- Moghadam.
Crude oil output in Iran, the Organization of Petroleum Exporting Countries’ second-largest oil producer after Saudi Arabia, totaled 4.3 million barrels a day in 2010 and 4.2 million barrels the previous year, Mehr said, without saying where it got the information.
Iran pumped 3.56 million barrels of oil a day in November and 3.575 million in October, according to data compiled by Bloomberg News.
To contact the reporter on this story: Ladane Nasseri in Dubai at [email protected]
To contact the editor responsible for this story: Andrew J. Barden at [email protected]
