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| ENERGY PROFILE OF IRAN |
Iran is a member of the Organization of the Petroleum Exporting Countries (OPEC), and ranks amongst the world’s top three holders of proven oil and natural gas reserves. Iran is OPEC’s second-largest exporter after Saudi Arabia, and is the fourth-largest exporter of crude oil globally after Saudi Arabia, Russia, and Norway. Natural gas accounts for half of Iran’s total domestic energy consumption, while the remaining half is predominately oil consumption. The continued exploration and production of the offshore South Pars natural gas field in the Persian Gulf is a key part of in Iran’s energy sector development plan.
- Iran is OPEC's second-largest oil producer and the fourth-largest crude oil exporter in the world.
- In 2006, Iran imported over 192,000 bbl/d of gasoline and relied upon imports to meet almost half of its fuel needs costing $5 billion.
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