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Industry and mining map of Iran. Mining in Iran is still under development, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, [1] holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth $770 billion in 2014.
Economic growth from these resources is uncertain and stunted in Iran due to these subsidies and population growth. Iran has been unable to reach it full production levels due to a combination of sanctions and war plaguing the region. Iran’s oil fields have a natural decline rate at 8 percent for onshore wells and 10% for offshore fields.
According to the Iran Petroleum Ministry, the proved natural gas reserves of Iran are about 1,201 trillion cubic feet (34.0 trillion cubic metres) or about 17.8% of world's total reserves, of which 33% are as associated gas and 67% is in non associated gas fields. It has the world's second largest reserves after Russia.
Apart from these considerable reserves, from the outset of oil industry in Iran in 1908 to the end of 2007, Iran produced some 61 billion barrels of oil. [2] Iran has more than a century of history in exploration and production; the first successful exploration well was Masjid Suleiman-1 on May 26, 1908. Since then, based on the latest oil and ...
Supervised by the Department of Natural Resources, the Caspian forests produced 820,000 cubic meters of timber products in 2004, more than 90 percent of which was for industrial use. [34] The largest and most valuable woodland areas are in the Caspian region and the northern slopes of the Elburz Mts., where many of the forests are commercially ...
Iran contends that the international rush to develop oil and gas reserves in the Caspian Sea presents that region with a new set of environmental threats. [12] Although a Department of Environment has existed since 1971, Iran has not yet developed a policy of sustainable development because short-term economic goals have taken precedence.
PARIS (Reuters) -Iran's acceleration in its enrichment of uranium to close to bomb grade is "extremely serious", has no civilian justification and contradicts Tehran's assertions on wanting ...
In 2004, Iran signed a contract with France and Malaysia for production and export of natural gas and another agreement with European and Asian companies for expansion and marketing of its natural gas resources. In 2005, Iran exported natural gas to Turkey and was expected to expand its market to Armenia, China, Japan, other East Asian ...