Key Market Indicators
Iran is expected to produce nearly 200,000 tonnes of crude oil equivalent by 2026. The nation's production has grown slowly since 1976, with an average increase of 0.4% each year. In 2021, Iran ranked fifth in production, with 192,040 thousand tonnes of oil equivalent. Iraq took the top spot, followed by Saudi Arabia, the United States and Iraq in second, third and fourth place, respectively.