Eni: Iran’s oil and gas ranking improved

In its latest edition of World Oil and Gas Review, Eni, as the Europe's third largest hydrocarbon company, looks closely at the annual statistical review of the world oil and gas market and the refining system. The following highlights the main findings related to Iran and other top ranking countries in the said areas.
Eni reported that Iran's oil reserves reached 154.5 billion barrels in 2012 experiencing 2.3% growth in comparison to the previous year. Based on this report, world oil reserves in 2012 equated to 1650 billion barrels out of which 1401 billion barrels belong to the first 10 countries with the largest oil reserves.
Iran's crude oil production volume restored to pre-sanction period
In his latest interview with ISNA, Petroleum Deputy Minister of Iran hoped that in view of exports and production improving trends, daily oil production would be restored to the ceiling in pre-sanction period by the end of the year. As to recent remarks by the Minister of Petroleum regarding the plans to increase production to more than 5 million barrels, he added that the increase is envisaged in the ministry's four-year roadmap of which 4.7 million barrels would account for crude oil and the remaining for gas condensates.
Based on Eni's 2012 report, world oil reserves have grown in 2012 by 2% in comparison to 2011. The figure for the period 2000 to 2012 is 2.6%. Surpassing Saudi Arabia, Venezuela ranked first in terms of proven oil reserves with estimated 297.5 billion barrels. In the meantime, Saudi Arabia with 267.9 billion barrels and Canada with 173.1 billion barrels came second and third respectively. Iran's proven oil reserves ranked forth accounting for 9.4% of world's oil reserves. While Russia scored the most significant increase in oil reserves by 33.3% in 2012, those of Iraq fell by 1.2%.
It seems that Eni's estimation of Iran's crude oil export at 1.8 million bpd in 2012 is the highest figure in the past 3 years indicating that Iran has yet to restore oil production to that level as the highest figure reported for 2014 still stands at 1.6 million bpd in February.
Eni further reports that gas sales in 2012 witness 0.3% growth reaching 9.59 billion cubic meters. While Iran's oil exports is reported to drop by 36% in comparison to 2011, Saudi Arabia with 9.1, Russia with 7.07 and UAE with 2.6 million barrels of oil respectively rank the first three countries in terms of oil exports volume, followed by Canada, US, Nigeria, Kuwait, Iraq, Venezuela and Netherlands.

Iran comes fourth in gas production
According to Eni, Iran improved its global ranking by one place and ranked forth with 159.6 billion cubic meters of gas production in 2012 and 5.2% growth in comparison to 2011 accounting for 4.7% of world gas production. In the meantime, in the period 2000-2012, Iran's gas production rose by 8.6% in total. As to exports, Iran stands 20th in global ranking. Eni also estimates that Iran imported 6.56 billion cubic meters of gas in 2012.
With an output of 665.8 billion cubic meters in 2012, the US, overtaking Russia, sits on top of the list of the 10 largest gas producers. Ranked second, Russia slightly decreased its domestic gas output by 2%. Qatar, in the meantime, ranked third with 169.3 billion cubic meters. Based on the report, the 10 largest gas producers produced 2.2 trillion cubic meters of gas per day in 2012. These countries are as follows: US, Russia, Qatar, Iran, Canada, Norway, China, Saudi Arabia, Algeria and Indonesia. World gas production in 2012 has risen to 3.3 trillion cubic meters experiencing 1.8% growth in comparison to 2011.
3.5 million barrels of oil produced by Iran per day in 2012
As estimated by Eni, in 2012, Iran produced 3.541 million bpd and ranked sixth among the top oil producers in the world. In the meantime, Iran managed to reduce oil consumption by 1.1%. In 2011, Iran ranked fourth with 4.166 million bpd of oil production.
According to Eni's latest report, Saudi Arabia holds first place in global oil production ranking with 11.5 million bpd produced in 2012. Russia sits second with 10.7 million bpd and the United States ranks third with 9.1 million bpd. Iran's oil production accounted for 1.4% of total in the world coming right after Saudi Arabi. UAE followed Iran in the third place.
According to Eni, the top 10 oil producer countries produced 55.4 million bpd. In 2012 total oil production was 86.9 million bpd demonstrating a 2.9 increase in comparison to 2011.
Iran's oil consumption reduced by 1.1%
Global oil consumption in 2012 increased by 1% and hit 8.7 million bpd. The United States, the world's biggest oil consuming country, consumed 18.9 million barrels of oil per day in 2012, which accounted for nearly 21.1% of the world's total oil consumption per day. China's oil consumption stood at 9.6 million bpd in 2012, accounting for about 11.7% of the world's total oil consumption in one day making it the second biggest oil consumer after the US. Japan consumed 4.7 million bpd of oil in 2012, becoming the world's third biggest oil consumer. The 10 biggest oil-consuming nations are US, China, Japan, India, Russia, Brazil, Saudi Arabia, Germany, Canada and South Korea. In the meantime, Mexico with 2.1 million bpd and Iran with 1.7 million bpd of oil consumption come eleventh and twelfth, respectively.

Mehr News Agency