Abundance of oil in Iran

Journal Article · Thu Feb 01 04:00:00 EST 1968 · Westminster Bank Rev.; (United States)

OSTI ID:5989447

Skeet, T H.H.

Iranian oil production in 1966 was 105 m tons and expected to be half as much again by 1970. Iran's output represents 22.3% of the Middle East total and 6% of oil entering world markets (1966). Furthermore, it has no less than 17.5% of the Middle East and 10.2% of the world's proved reserves. Iran oil is located in the Asmari limestone especially at Agha Jari and Goch Saran. The oil is derived from fields operated by the National Iranian Oil Co. (N.I.O.C.) and N.I.O.C. partnerships with W. European and North American oil groups. Offshore discoveries have been significantly successful, e.g., Sassan (1966, 1967), Nowraz (1967), and Esfandiat (1966). The greater part of Iranian crude oil was exported in 1966--50% to markets west of Suez and 31% to Japan. There is a single crude oil terminal at Khorg Is. This has 10 berths and can accommodate vessels of 200 to 250,000 tons dwt. Very extensive reserves of natural gas are an embarrassment as the local market is too small while other markets are too remote so that transport costs are not a commercial proposition and consequently 80% is burnt off. Iranian natural gas reserves are 7% of the world but 34% of the Middle East Total development.

• OSTI ID: 5989447
• Journal Information: Westminster Bank Rev.; (United States), Journal Name: Westminster Bank Rev.; (United States) Vol. 72C; 0178
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020000* -- Petroleum
ASIA
CARBONATE ROCKS
DEVELOPING COUNTRIES
ENERGY SOURCES
EXPLORATION
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GEOLOGY
INDUSTRY
IRAN
LIMESTONE
MIDDLE EAST
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM GEOLOGY
PETROLEUM INDUSTRY
PRODUCTION
RESERVES
RESERVOIR ROCK
RESOURCES
ROCKS
SEDIMENTARY ROCKS