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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 ]
In 2011, Iran’s net export of gas in 2010 was 1.57 billion cubic metres. In 2010, Iran’s exports and imports of natural gas were 8.42 and 6.85 billion cubic metres respectively. In 2010, Iran exported 0.4, 0.25, and 7.77 billion cubic metres of gas to Armenia, Azerbaijan and Turkey respectively.
After 2003 Iran made some significant discoveries which led to addition of another 7.7 billion barrels (1.22 × 10 9 m 3) of oil to the recoverable reserves of Iran. [23] The vast majority of Iran's crude oil reserves are located in giant onshore fields in the south-western Khuzestan region near the Iraqi border. Overall, Iran has 40 producing ...
SVB International, a consultant, estimates Iran's oil production increased in August to 3.15 million barrels per day (bpd), the highest since 2018, with crude oil and condensate exports at just ...
U.S. targets Iran's petroleum industry with fresh sanctions following Oct. 1 missile attack against Israel ... China's economy expands 5% in 2024, hitting target helped by strong exports, stimulus
Refining crude oil and producing a variety of oil products. Transferring crude oil from production bases and “Khazar Terminal” to the refineries and also transferring oil products from refineries and import bases to distribution procurement depots and distribution centres. Performing all refining projects and schemes, transfer and storing.
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.
Naftiran Intertrade Company S.à r.l. (NICO) is a Swiss-based subsidiary of the National Iranian Oil Company (NIOC). NICO is a general contractor for the oil and gas industry. NIOC buys the vast majority of Iran's gasoline imports. [4] NICO is a key player in Iran's energy sector. [4]