How much oil does Iran produce per day?

How much oil does Iran produce per day?

Iran produces 4,376,194.36 barrels per day of oil (as of 2016) ranking 7th in the world. Iran produces every year an amount equivalent to 1.0% of its total proven reserves (as of 2016).

How much oil does Iran produce per year?

Total oil production in Iran has declined since 2017, when output reached a high of 4.8 million b/d. Iran’s production averaged 3.0 million b/d of petroleum and other liquids in 2020, and almost 2.0 million b/d was crude oil and the remainder was condensate and hydrocarbon gas liquids.

How much oil does Iran export?

Tehran does not disclose its crude export data, but assessments based on shipping and other sources suggest a fall from about 2.8 million barrels per day (bpd) in 2018 to as low as 200,000 bpd. One survey put exports at 600,000 bpd in June.

Does Iran produce diesel?

Diesel exports from National Iranian Oil Company (NIOC) containing 500 parts-per-million (ppm) of sulfur will likely make up about half of its overall diesel shipments from early next year, compared with about less than 10 percent currently, one of the sources said.

How much of the world’s oil is in Iran?

Iran holds 10% of the world’s proven oil reserves and 15% of its gas. It is OPEC’s second largest exporter and the world’s fourth largest oil producer.

Who is buying oil from Iran?

Bloomberg and Reuters also reported this year that Iran exports most of its oil through intermediaries to be delivered to China. Customs data from China also strangely show zero oil imports from Iran, while in 2019 and 2020 Chinese government-linked companies were officially buying at least 80,000 bpd.

Where does Iran export oil to?

Of the crude oil and condensate that Iran exported in 2020, more than half went to China. According to analysis from ClipperData, much of the oil that was shipped from Iran to China was relabeled as coming from countries such as Malaysia, Singapore, the United Arab Emirates, Iraq, and Oman.

How many oil wells are in Iran?

Since then, based on the latest oil and gas reports, 145 hydrocarbon fields and 297 oil and gas reservoirs have been discovered in Iran, with many fields having multiple pay zones. A total of 102 fields are oil and the remaining 43 are gas, and there are 205 oil reservoirs and 92 natural gas reservoirs.

Does Iran refine its own oil?

Iran is able to produce all the parts needed for its gas refineries. Iran is now the third country in the world to have developed gas to liquids (GTL) technology. In the 1980s, Iran began to replace oil, coal, charcoal, and other fossil-fuel energy sources with natural gas, which is environmentally safer.

Does Iran have lots of oil?

Is Iraq an oil rich country?

Oil reserves in Iraq are considered the world’s fifth-largest proven oil reserves, with 140 billion barrels. The majority of Iraq’s proven reserves of oil comes from the following cities: Basra (Being #1), Baghdad (Being #2), Ramadi (Being #3), and finally, Ba’aj (Being the last oil rich city).

How long will Iraq oil last?

Iraq has proven reserves equivalent to 457.4 times its annual consumption. This means that, without Net Exports, there would be about 457 years of oil left (at current consumption levels and excluding unproven reserves).

How much crude oil does Saudi Aramco produce?

Saudi Aramco, for example has a daily crude oil production of more than 12 million barrels per day. To compare, ExxonMobil as the largest private-owned oil company (based on market value) has a daily production of some 2.4 million barrels. Globally, total daily oil production tends towards 92 million barrels.

What is the oil industry like in Iran?

• Iran was the fifth-largest crude oil producer in OPEC in 2020 and the third-largest natural gas producer in the world in 2019.1 It holds some of the world’s largest deposits of proved oil and natural gas reserves, ranking as the world’s third -largest and second-largest reserve holder of oil and natural gas, respectively, in 2020.

How big is Iran’s natural gas production?

Iran is the world’s third-largest dry natural gas producer after the United States and Russia. Iran’s gross natural gas production totaled nearly 9.5 Tcf in 2017, of which 7.3 Tcf was dry natural gas, rising almost 9% compared with 2016, according to Rystad Energy.

How many barrels of oil does ExxonMobil produce a day?

To compare, ExxonMobil as the largest private-owned oil company (based on market value) has a daily production of some 2.4 million barrels. Globally, total daily oil production tends towards 92 million barrels.