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In 1976, I believe Iran produced 6 million barrels of oil......50% managed by BP at the sales end, and 50% managed by USA companies. Now Iran produces 3.75.1--3.0 million barrels of oil depending on who you believe about the statistics.
But we can say that there has been a reduction of 36-40% in Iran's crude oil production, since 1976.
This is because of the corruption and mismanagement of the puppet mullah regime installed by the USA/UK in 1979.
The mullah regime is rather good at making speeches written by the CIA, with various colors and symbols, but do not know about management of important state resources. The puppet CIA Shah exported nearly 5 million barrels of oil in 1977, whilst the mullahs now export a mere 2 million barrels. The price of oil is rather good.....so the mullahs should invest more in the industry, and export more.
The mullah regime is rather good at making speeches written by the CIA, with various colors and symbols, but do not know about management of important state resources. The puppet CIA Shah exported nearly 5 million barrels of oil in 1977, whilst the mullahs now export a mere 2 million barrels. The price of oil is rather good.....so the mullahs should invest more in the industry, and export more.
The other factor in the decline of Iranian oil exports is domestic consumption, AND CORRUPTION again. Iranian citizens buy their cheap oil, and then sell it in the Pakistani, Afghan, Turkish black market.
In 1979 Iranian domestic consumption of oil was about 800,000 barrels, but now it is nearly 1.9 million barrels a day......again a great deal goes to waste within Iran. Iran given her $1 trillion economic size ideally should consume about 800,000 barrels a day, a little bit more than neighbor Turkey (700,000), which has a $1.15 trillion economy. This would release 1.1 million barrels for export immediately, if the buyer and markets are found....generating $35 billion plus state revenue for Infrastructure and Industry. It is simply ridiculous that Iran consumes more oil than the $2.3 trillion UK economy.
1. Iran must strive to produce more oil---6 million barrels by 2015. The same production levels as 40 years earlier under the CIA puppet Shah.
2. 5 million barrels of that should be exported by 2015 to mainly Asian markets of China, India, Japan, South Korea, Taiwan and SE Asia.
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Iran is OPEC's second biggest oil producer: Official
By presstv.com
Iran’s representative
to the Organization of Petroleum Exporting Countries (OPEC) Seyyed
Mohammad Ali Khatibi says Tehran is the second biggest producer in OPEC.
Rejecting reports about Iraq replacing Iran as OPEC’s second biggest producer, Khatibi said that according to formal data, the Islamic Republic ranks second.
Rejecting a Reuters report about Iran increasing crude exports to Turkey, Khatibi said, “Data provided by Reuters are not accurate at all. The news agency’s data about increasing or reducing crude export are completely wrong. This news outlet presents data based on political objectives.”
Khatibi reiterated the fact that Iran's crude exports follow a constant pattern.
Iran is OPEC's second-largest crude exporter after Saudi Arabia and sits on the second-largest gas reserves in the world after Russia.
Iran discovered 13 new oil and gas fields with in-place reserves of 14 billion barrels of oil and 45 trillion cubic feet of natural gas during August 2009 to August 2010.
Only between March and December of 2010, Iran discovered seven gas fields and more fields are anticipated to be found in the current Iranian calendar year (started March 20, 2012).
