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Iran has second largest oil as well as gas reserves
Iran has the world?s second-biggest oil reserves?behind Saudi Arabia?and the second-biggest gas reserves?behind Russia?according to BP?s statistical review. - Read More
Tags : iran natural gas oil natural gas iran
Topics : Oil Natural Gas Oil and Gas
Oil reserves to production
R/P indicates the number of years of oil left at current production volumes: Country - R/P USA - 10/1 Norway - 10/1 Canada - 8/1 Iran - 53/1 S Arabia - 55/1 UAE - 75/1
Tags : oil oil reserves oil usa oil kuwait oil norway oil saudi arabia oil canada oil uae iran saudi arabia canada USA uae
Topics : Oil and Gas Oil
Iran a gasoline importer
Iran’s gasoline production capacity will rise to 140 million liters a day in five years, once the projected $14-billion investment in refinery construction and rehabilitation schemes is realized. The ever-increasing gasoline consumption. once a major exporter of oil derivatives, Iran now one of the world’s largest gasoline importers, has to meet need for gasoline from China, UAE, Kuwait, Saudi. The country is paying four billion $ a year on petrol imports - 2006 - Read More
Topics : Oil Oil and Gas
Iran's Oil Woes
Iran has a surprising weakness:Its oil and gas industry, the lifeblood of its economy, is showing serious signs of distress. As domestic energy consumption skyrockets, Iran is struggling to produce enough oil and gas for export. Unless Tehran overhauls its policies, its primary source of revenue and the basis of its geopolitical muscle could start to wane. Within a decade, says Saad Rahim, an analyst at Washington consultancy PFC Energy, "Iran's net crude exports could fall to zero." - Dec 2006 - Read More
Tags : iran oil middle east
Topics : Oil Oil and Gas