how much oil do iran hav oil?

Answer 1

In 2000, Iran, which was the world’s fourth largest producer of crude oil, averaged about 3.72 million barrels per day (Mbbl/d). Average crude production had been 3.56 Mbbl/d in 1999 and 3.63 Mbbl/d in 1998. At the end of 2000, Iran had the second largest natural gas reserves (23 trillion cubic meters) and the fifth largest crude oil reserves [89.7 billion barrels (Gbbl)] in the world according to the Oil & Gas Journal (2000b). These figures apparently do not include 1999 or 2000 Iranian reserve additions. Petroleum continued to provide the bulk of Iran’s foreign exchange.

As of late 2002, Iran held 90 billion barrels of proven oil reserves, or roughly 9% of the world's total. The vast majority of Iran's crude oil reserves are located in giant onshore fields in the southwestern Khuzestan region near the Iraqi border and the Persian Gulf. Most of Iran's current oil production is accounted for by the following fields: Ahwaz-Bangestan (150,000-170,000 bbl/d current production, with plans to increase to 400,000 bbl/d), Marun, Gachsaran, Agha Jari, and Bibi Hakimeh. Most of Iran's crude oil is low in sulfur, with gravities in the 30°-39° API range. During 2002, Iran produced about 3.5 million bbl/d of oil. Iran's current sustainable crude oil production capacity is estimated at around 3.75 million bbl/d, which is around 250,000 bbl/d above Iran's latest (February 1, 2003) OPEC production quota of 3.597 million bbl/d.

The gross domestic product of this Middle Eastern country of about 63 million people was estimated to be $110.8 billion in 1999 (the last year for which data were available) . Although inflation was high, according to the Iranian Central Bank, it dropped to about 13% in 2000 compared with 14.5% in 1998 and about 50% in 1995. Iran's economy, which relies heavily on oil export revenues (around 80% of total export earnings, 40%-50% of the government budget, and 10%-20% of GDP), was hit hard by the plunge in oil prices during 1998 and early 1999, but with the rebound in oil prices since then, has recovered somewhat. For 2002, Iran's real GDP grew by around 4%; for 2003 it is expected to grow at a slightly higher, 4.3% rate. Relatively high oil export revenues the past year or two have allowed Iran to set up an oil stabilization fund. For 2003, Iran's budget anticipates a price of around $18.50 per barrel, well below current levels.

Answer 2

a lot, because the tectonic plates meet there along the persian gulf and accross the a part of the land of iran and iraq, there is a lot of earthquakes african plate is constantly ducking under the eurasian plate so that area is a replenishing source of oil, when all the oil has run out that place will still provide oil.

Answer 3

Alot...an on-line encyclopedea can give you an estimate of thier reserve.

Answer 4

way too much..