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In 2010, Iran, which exports around 2.6 million barrels of crude oil a day, was the second-largest exporter among the Organization of Petroleum Exporting Countries. [37] Several major emerging economies depend on Iranian oil: 10% of South Korea's oil imports come from Iran, 9% of India's and 6% of China's. [17]
A total of 102 fields are oil and the remaining 43 are gas, and there are 205 oil reservoirs and 92 natural gas reservoirs. According to Iran Energy Balance Sheet (2009, in Persian), 78 of these fields are currently active, with 62 onshore and 16 offshore, leaving 67 fields inactive at present. Some 23 hydrocarbon fields lie in border areas and ...
Gasoline production would reach 70 million litres (18,000,000 US gallons; 15,000,000 imperial gallons) per day in 2013. [9] In 2008 Iran has imported nearly 40% of its market needs because of lack of refining capacity and contraband. [citation needed] In 2009, Iran spent paid $11 billion on imported fuel.
Iran has the second largest oil reserves in the world, and the third largest exporter of it. [citation needed] By the end of 2009, Iranian oil R/P ratio was 89.4 years which is the world's highest. [29] By 2009, Iran had 52 active rigs and 1,853 producing oil wells. [30] Iran possesses abundant fuels from which to generate energy.
This week Bloomberg's Alix Steel discusses how Iranian oil production may be impacted by Iran's new president, how the delta variant is weighing on travel and jet fuel demand and how American ...
According to the National Iranian Oil Company, Iran's average daily production of crude oil stood at 4 million barrels (640,000 m 3) per day. Of this amount, 55% was exported and the remainder was consumed domestically. [13] As of 2010, oil income accounts for 80% of Iran's foreign currency revenues and 60% of the nation's overall budget.
Oil rose more than 5% on Thursday over fears of supply disruptions stemming from an expected Israeli retaliatory strike against Iran. Remarks from President Biden over the possibility of an attack ...
Oil prices tumbled more than 4% on Tuesday as supply fears faded after a Washington Post report signaled Israel would avoid targeting Iran’s petroleum production.