BAKU, Azerbaijan, May 8. Iran’s oil and gas
production has increased significantly over the past nine months
(since the government came to power in August 2024), reaching
150,000 barrels per day, said Mohsen Paknejad, Iran’s Minister of
Petroleum, Trend
reports.
Speaking today at the opening of the 29th Iran Oil, Gas,
Refining, and Petrochemical International Exhibition in Tehran,
Paknejad highlighted that during this period, Iran’s gas production
potential had also increased by 30 million cubic meters per
day.
Additionally, he noted that Iran’s refining capacity had grown
by 180,000 barrels per day, while the potential annual production
of petrochemical products had risen by 7 million tons.
Over the same period, Iran’s gasoline production had increased
by 7 million liters per day, and diesel production had risen by 8
million liters daily.
As many as 74 oil fields and 22 gas fields are currently
operating in Iran. There are 37 oil fields in the territory of the
National Company of Iran’s Southern Oil Zones, 14 in the territory
of the Iranian Central Oil Zones Company, five in the territory of
the Arvandan Oil and Gas Production Company, and 18 in the
territory of the Offshore Oil Company. Additionally, the South Oil
Zones National Company of Iran operates five gas fields, the
Central Oil Zones Company operates 13, the Pars Oil and Gas Company
operates one, and the Offshore Oil Company operates three.
Iran’s total hydrocarbon reserves are 1.2 trillion barrels. Iran
can produce 340 billion barrels of this gas with existing
technological equipment. Iran can use about 30 percent, while 70
percent remains unused underground.
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