• In 1908, Iran was the first country in the Persian Gulf to discover oil. Petroleum has been the primary industry in Iran since the 1920s.
  • Central bank of Iran’s report for year 2014 shows that %15 of the country’s GDP is share of oil value added.
  • Iran has 102 oil and 43 gas fields, 78 of these fields is active which 62 number of them is located onshore and the other 16 is offshore.
  • Iran holds ranking as the world’s fourth-largest and second-largest reserve holder of oil and natural gas, respectively
  • Before the sanctions Iran was the 7th largest producer of crude oil in the world. Iran’s definite crude oil reserves are appraised at 158 billion barrels, which is 10% of the world’s reserves. Iran also has 1,201 trillion cubic feet of natural gas reserves, comprising 22% of the world’s reserves.
  • The existence of crude oil reserves, access to open waters, as well as an existing framework for transportation and export, suggest excellent opportunities for this industry in Iran.
  • According to IMI100 rankings 2015, Persian Gulf Petrochemical Industries Co.is the is the most valuable holding in Iran.
  • 26 out of IMI100 are in oil and gas and petrochemical industries.
  • Iran has 10 active refineries which their capacity is 1,781 thousands barrel per day, all refineries except Abadan refinery is listed in Tehran Stock Exchange.
  • Abadan Refinery is the major producer of fuel oil and liquid gas.
  • In producing oil gas Isfahan refinery has the major share.
  • Arak refinery is the biggest producer of gasoline.
  • Tehran refinery has the greatest nominal capacity of Kerosene.
  • At the moment, Iran refineries average ratio of real to nominal capacity is 0.96.
  • The average P/E ratio in oil products industry is 10.27x.

Oil and Gas Industry in Iran