5 Biggest Oil Producing Countries in Asia

4. Iran

BBL/D/1K: 3,163

With an oil production rate of 3,163 thousand barrels per day in February 2024, Iran continues to be one of the top players in the global oil market even thought it had been facing multiple challenges, including international sanctions. Iran is planning to increase its oil production to 3.4 million barrels per day by the end of summer, approaching its capacity limit of 3.8 million barrels per day.