Report on Iran: Oil & Gas statistics (2010-2011)

Posted on June 18, 2012

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OIL RESERVES

Iran’s proved oil reserves at the end of 2011 estimated to 151,2 billion barrels, according to BP’s June 2012 World Energy review report.

This figure is equal to the end of 2010 figure for the Islamic Republic.

In comparison to Iran, Iraq has increased its oil reserves since the end of 2010 by 28,1 billion barrels, reaching a total of 143,1 billion barrels at the end of 2011.

Considering that Iran’s oil reserves were left unchanged and Iraq has increased its by 28,1 billion barrels, the difference between these two OPEC members is only 8,1 billion barrels, as of the beginning of 2012.

Another OPEC member Saudi Arabia is leading the region with a 265,4 billion barrels, which increased by 0,9 million barrels since 2010.

At the end of 2011, Iran, Iraq and Saudi Arabia shared a total of 33,9 percent of the world’s total oil reserves (Iran – 9,1 percent, Iraq – 8,7 percent, Saudi Arabia – 16,1 percent).

OIL PRODUCTION

Iran’s oil production has decreased by 0,6 percent in 2011 since 2010 according to the latest BP report, published on Monday.

In 2010 Iran’s oil production was reported by BP to be 4338 thousand barrels/day, and in 2011 this figure was 4321 thousand barrels/day.  Iran thus far is responsible for 5,2 percent of the world’s share total of oil production.

The Islamic Republic has reportedly increased its oil production by 46,000 barrels per day in 2010, which was a 0.9 percent increase compared to 2009.

Iran, along with Syria and Yemen are the only three countries of the Middle East region that saw their oil production decrease by the end of 2011.

Other regional countries such as Saudi Arabia (oil production increased by 12,7 percent), Kuwait (increased by 14,1 percent), Iraq (12,8 percent increased), UAE (14,2 percent increased) all did better with their oil production in 2011 compared to 2010.

OIL CONSUMPTION & REFINERIES

Iran’s oil consumption has decreased in 2011 by 3,1 percent compared to 2010. In 2010 Iran’s oil consumption was counted at 1887 thousand barrels per day. In 2011 it has decreased to 1824 thousand barrels per day.

In total, as of 2011, Iran is responsible for 2,1 percent of world’s oil consumption. Speaking of refineries capacities, those of Iran remained unchanged in 2011 compared to 2010.

GAS PRODUCTION & CONSUMPTION

Iran’s natural has production (excluding gas flares or recycled gas) has increased in 2011 by 5,6 bcm compared to 2010, according to BP’s June 2012 World Energy review report, published on Monday.

In 2010 Iran’s natural gas production was estimated at 146,2 bcm, and this figure reached 151,8 bcm in 2011.  Iran holds first place among naturas gas producing countries in the region, followed by Qatar and Saudi Arabia.

Iran currently responsible for 4,66 percent of world’s natural gas reserves.

The Islamic Republic’s gas consumption has also increased by 6,1 percent in 2011 compared to 2010. In 2010 Iran consumed 146,6 bcm, while in 2011 consumption increased to 153,3 bcm.

No other regional country, according to BP statistics, has reached 100 bcm of gas consumption in 2011 or 2010.

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