Iran - Crude Oil including Lease Condensate Reserves

4,026.29 (thousand barrels per day) in February 2024

In February 2024, crude oil reserves for Iran was 4,026.29 thousand barrels per day. Crude oil reserves of Iran increased from 3,430.29 thousand barrels per day in March 2023 to 4,026.29 thousand barrels per day in February 2024 growing at an average annual rate of 1.49%.

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What is crude oil reserves?

Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.

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What is Iran crude oil reserves?