Baku, Azerbaijan, June 10
By Umid Niayesh - Trend:
Iran still possesses the world's largest proven natural gas reserves, at 34 trillion cubic meters (1201.4 trillion cubic feet)-or 18.2 percent of the world's total proven reserves- no changed from the last year estimates, according to a BP report published June 10.
BP Statistical Review of World Energy 2015 also shows that the Islamic Republic despite having the world's biggest gas reserves only shared 5 percent of global natural gas production, at 172.6 billion cubic meters in 2014 (excluding recycled and flared gas).
The figure indicates a rise by 5.2 percent compared to country's gas output in 2013.
After Iran, Russia and Qatar ranked as second and third gas reserves holders in the worth with respectively 32.6 trillion cubic meters (tcm) and 24.5 tcm of gas reserves.
BP's report also indicates that Iran 's proved oil reserves reached 157.8 billion barrels in 2014, 9.3 percent of the total global reserves.
The country's oil production, including crude oil, gas condensates and NGLs (the liquid content of natural gas where this is recovered separately) was 3.614 million barrels per day (mbpd) in 2014, two percent more year on year.
The figure indicates that Iran 's oil output accounted for 4 percent of total global production.
The Islamic Republic's oil consumption (including inland demand plus international aviation and marine bunkers and refinery fuel and loss) was 2.024 mbpd in 2014, indicating a 2 percent fall compared to 2013.
Iran's gas consumption also stood at 170.2 billion cubic meters in 2014, 6.8 percent more year on year, according to the report.
BP put Iran 's refinery capacity volume at 1.985 mbpd in 2014 with 0.8 percent growth compared to preceding year.
Edited by CN
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