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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.
The Missing Iranian oil rig or Fortuna rig, is a corruption scandal in which an oil rig, the GSP Fortuna, was bought by the Iranian government for US$88 million, but was never delivered. The case attracted major attention in Iran and abroad.
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 ...
At least a quarter of Iran's oil rigs are out of action as U.S. sanctions strangle the Islamic Republic's vital oil industry, according to a Reuters review of financial documents and industry ...
Iran responded by dispatching Boghammar speedboats to attack various targets in the Persian Gulf, including the American-flagged supply ship Willie Tide, the Panamanian-flagged oil rig Scan Bay and the British tanker York Marine. All of these vessels were damaged in different degrees. [9]
The United States has sought to limit Iran's oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed. Iran's oil output and exports jumped in August despite U.S ...
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 ...
The Biden administration on Tuesday ramped up its sanctions on Iran, targeting 35 entities and vessels that it said transported illicit Iranian petroleum to foreign markets as part of what the U.S ...