Iran’s oil output could hit 4.5m b/d if investment flows
Production could rise by 0.9m b/d by 2025 but it needs help from international oil companies (IOCs)
Iran's oil production could reach 4.5m barrels per day over the next decade - but only if it manages to secure billions in foreign investment to boost recovery rates, according to Wood Mackenzie. After emerging from international sanctions in January, the Islamic Republic's oil output has increased by more than any other Opec member this year, reaching 3.6m b/d in July. Tehran is targeting 4m b/d as soon as possible, or roughly its level before sanctions. By 2021 the National Iranian Oil Company wants output to reach 4.8m b/d. Iran's 2021 oil output target may be a stretch but by 2025 production could reach 4.5m b/d if just five or six new projects are developed, the consultancy said. The co
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
