Iran Possesses the World's Third-Largest Oil Reserves

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Adi Ahdiat 18/04/2024 16:04 WIB

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According to OPEC data, Iran held the world's third-largest crude oil reserves in 2022, accounting for 13% of the global total.

Top 10 Countries with the Largest Crude Oil Reserves in the World (2022)

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Iran Possesses the World's Third-Largest Oil Reserves

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Top 10 Countries with the Largest Crude Oil Reserves in the World (2022)

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Global oil prices risk rising due to the conflict between Iran and Israel that erupted in April 2024.

"War will not only disrupt production but also distribution channels. This situation will trigger a surge in oil prices," said economist Josua Pardede, as reported by Antara on Wednesday (April 17, 2024).

Based on data from the Organization of the Petroleum Exporting Countries (OPEC), Iran is indeed a major oil producer on a global scale.

OPEC recorded that throughout 2022, Iran was able to produce approximately 2.55 million barrels of crude oil per day.

This figure is equivalent to 3.5% of total global oil production, making Iran the 9th largest oil-producing country in the world.

Iran also has proven crude oil reserves of approximately 208.6 billion barrels in 2022, equivalent to 13.3% of total global oil reserves.

Iran's oil reserves are second only to Venezuela and Saudi Arabia, as shown in the graph.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."