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Iran's crude oil output has been recovering to average 2.50 million barrels per day in January-February 2023 and 2.57 million b/d in 2022, up from 2.46 million b/d in 2021. Combined crude and condensate production was estimated at 3.25 million b/d in January-February 2023 and 3.32 million b/d in 2022, up from 3.18 million b/d in 2021 and 2.7 million b/d in 2020. Iran is exempt from Opec quotas.

Oil Supply
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