IEA: Iran’s oil output to reach 6 mb/d by 2040

IEA: Iran’s oil output to reach 6 mb/d by 2040

The International Energy Agency estimated that Iran’s oil output would increase to 6 million barrels per day (mb/d) by 2040.

"Growth in oil demand slows over the projection period, but tops 103 mb/d by 2040," IEA said in its report.

Iran currently produces about 3.7 mb/d.

The global gas demand also is expected to increase by 50% by 2040, Trend reports.

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