Iran Re-enters Top 10 Global Oil Producers

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Adi Ahdiat 18/04/2024 15:50 WIB

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According to OPEC data, Iran was the ninth largest crude oil producer in the world in 2022, accounting for approximately 3.5% of global oil production.

Top 10 Crude Oil Producing Countries in the World (2022)

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Iran Re-enters Top 10 Global Oil Producers

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Top 10 Crude Oil Producing Countries in the World (2022)

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The conflict between Iran and Israel, which erupted in April 2024, risks triggering an increase in global oil prices.

This was stated by Tutuka Ariadji, Director General of Oil and Gas at the Ministry of Energy and Mineral Resources.

"In our opinion (oil prices could rise) by around US$5-10 per barrel. A rise to US$100 per barrel is possible," said Tutuka, as reported by Katadata on Tuesday (16/4/2024).

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.

Other countries in the top 10 include the United States, Saudi Arabia, Russia, Iraq, China, the United Arab Emirates, Brazil, Kuwait, and Norway, as shown in the graph.

Combined, these 10 countries controlled approximately 74% of global oil production in 2022.

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."

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Iran Re-enters Top 10 Global Oil Producers

Iran Re-enters Top 10 Global Oil Producers

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Iran Re-enters Top 10 Global Oil Producers

Iran Re-enters Top 10 Global Oil Producers

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