The first oil well in the Middle East was drilled in Iran in 1908
The Islamic Republic of Iran is on a mission to heighten its position in the global energy arena now that the country has negotiated a deal with the United Nations Security Council to limit Iran’s nuclear capabilities in exchange for ending international economic sanctions.
The Iran Oil and Gas Summit will be held in Tehran Jan 25-26 and major topics including crude streams and oil fields, non-crude liquids production, upstream projects, oil terminals and refineries, and ongoing development and exploration projects.
Another two-day event in London – Iran Oil & Gas Post Sanctions: Preparing for a New Era (Feb 22-24) – is the official international launch of the country’s post sanctions oil & gas opportunities and has been organised with direct support from the Ministry of Petroleum and NIOC. New terms and new projects will be on the agenda. March 1-3 the Republic will have its Annual Iran Oil, Gas & Energy Week, its third event and reportedly it’s biggest so far.
Iran facts: • World’s 2nd largest natural gas reserves. • 1.3M daily crude oil exports. • 1.8m daily refined products consumption. • World’s 3rd largest dry natural gas producer. • 3.1M crude oil production. • 157.3BBL crude oil proved reserves. • 330,800BBL daily refined petroleum products
exports. • World’s 4th largest proved crude oil reserve. • USD407B GDP. • 1.7M daily refined products production. • 166.6B M3 annual natural gas production.