24 Apr 2024
Sunday 24 September 2017 - 18:41
Story Code : 277068

Iran named worlds third largest gas producer



Press TV- The International Energy Agency (IEA) in its latest report on the status of the global energy market said that was the worlds third largest producer of natural gas in 2016.

The IEA in its report said Iran had produced 190 billion cubic meters (bcm) of gas last year which it said was 5.3 percent of worlds total.

The agency in its report said the US and Russia were the leading gas producers over the same period adding that their outputs stood at 749 bcm (20.7 percent) and 644 bcm (17.7 percent), respectively.

The next top producers were Canada (174 bcm 4.8 percent) and Qatar (165 bcm 4.6 percent).

The IEA further in its report identified Iran as the worlds fifth producer of crude oil in 2016. Top on the list in the same category was Saudi Arabia followed by Russia, the US and Canada.

On the same front, Irans total oil production in 2016 was 200 tonnes or 4.6 percent of a global total of 4,300 tonnes.

Saudi Arabia was the leading producer with 583 tonnes (13.5 percent) followed by Russia (546 tonnes 12.6 percent), the US (537 tonnes 12.4 percent) and Canada (220 tonnes 5.1 percent).

Elsewhere in its report, the IEA named the US, France, Russia and China as the worlds leading countries in terms of production of electricity from nuclear energy.

The report identified Irans share in the same category as small.

Iran is considered to have the worlds largest reserves of natural gas and its current production stands at around 660 million cubic meters per day. The country also has the worlds fourth largest oil reserves and its current output is believed to be above 3 million barrels per day.

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