Iran's statistics contradict OPEC data
Despite Iranian officials' constant rejections of releasing the information about the decrease in the country's oil production, The Organization of the Petroleum Exporting Countries' (OPEC) new report confirms dropping of Iranian oil output by 120,000 barrels during the current year. The National Iranian South Oil Company Managing Director Hourmuz Galavand claimed in October 2011 that Iran's current oil production is 3.9 million barrels of oil per day. Meanwhile, Ghalavand said earlier that Iran's oil production reduces by around 300,000 barrels per year because about 80 percent of oil wells in the country are in their second half-life. According to OPEC's new report published on Nov.9, Iranian oil output decreased to 3.578 million barrels per day in October 2011. The country's production was 3.598 million in August and 3.601 million in September. With comparing the figure with 2006, Iran's oil production has fallen by 0.5 mb/d. OPEC'