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Iran's oil & gas production, 1970–2009 data, 2010–2030 projected Iran's Petroleum production and consumption, 1977-2010. Iran's total oil production reached a peak level of 6.6 Mbbl/d (1,050,000 m 3 /d) in 1976.
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. According to Iran Energy Balance Sheet ...
NIOC oil reserves at the beginning of 2001 was reported to be about 99 billion barrels (1.57 × 10 10 m 3), [22] however in 2002 the result of NIOC's study showed huge reserves upgrade adding about 317 billion barrels (5.04 × 10 10 m 3) of recoverable reserves to the Iranian oil reserves. After 2003 Iran made some significant discoveries which ...
A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al ...
Oil jumped on Wednesday after Iran called for an embargo against Israel amid the Israeli-Hamas war and a drop in US stockpiles signaled increased demand for crude.. Brent crude jumped almost 2% to ...
In 2016, fuel imports decreased 50% to about 4 million litres (1,100,000 US gallons; 880,000 imperial gallons) per day on average thanks to falling oil prices (i.e. falling price differential with neighboring countries and consequent fall in the smuggling activity). [16] Oil product increase projection for gasoline, gas-oil, kerosene, LPG (2007 ...
Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan's capital Erbil, clogging the Iraqi region's often winding and mountainous highways.
The nationalization of the Iranian oil industry (Persian: نهضت ملی شدن صنعت نفت ایران) resulted from a movement in the Iranian parliament (Majlis) to seize control of Iran's oil industry, which had been run by private companies, largely controlled by foreign interests. The legislation was passed on March 15, 1951, and was ...