ID :
187990
Sun, 06/12/2011 - 15:03
Auther :
Shortlink :
https://oananews.org//node/187990
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BP Report Confirms Increase in Iran's Oil Production
TEHRAN (FNA)- The British energy company (BP) said in its latest Statistical Review of World Energy that Iran increased its crude oil and natural gas production last year.
The report said that Iran's daily oil production climbed 45,000 barrels compared to the 2009 figure.
The average of Iran's crude production stood at 4.245 million barrels per day, and the country's natural gas production posted a 5.6 percent increase to settle at 138.5 billion cubic meters in 2010, the report said.
According to the report, the Islamic Republic of Iran produced 5.2 percent of the global oil output, and 4.3 percent of the total natural gas production of the world.
Iran ranked fourth in the world in terms of crude production after Russia, Saudi Arabia and the United States. The Islamic Republic is also fourth in gas production after the US, Russia, and Canada.
The Islamic Republic has the world's second-largest crude reserves after Saudi Arabia and the second-largest gas reserves after Russia.
The British company also stated that Iran has oil reserves that would last for the next 88 years and is the second longest-lasting oil source in the world.
Based on the Reserves-to-production ratio index, UAE will be the prominent source of oil for the world with oil reserves that would last for the next 94 years.
The report said that Iran's daily oil production climbed 45,000 barrels compared to the 2009 figure.
The average of Iran's crude production stood at 4.245 million barrels per day, and the country's natural gas production posted a 5.6 percent increase to settle at 138.5 billion cubic meters in 2010, the report said.
According to the report, the Islamic Republic of Iran produced 5.2 percent of the global oil output, and 4.3 percent of the total natural gas production of the world.
Iran ranked fourth in the world in terms of crude production after Russia, Saudi Arabia and the United States. The Islamic Republic is also fourth in gas production after the US, Russia, and Canada.
The Islamic Republic has the world's second-largest crude reserves after Saudi Arabia and the second-largest gas reserves after Russia.
The British company also stated that Iran has oil reserves that would last for the next 88 years and is the second longest-lasting oil source in the world.
Based on the Reserves-to-production ratio index, UAE will be the prominent source of oil for the world with oil reserves that would last for the next 94 years.
