Iran is simply a apical 10 lipid and state producer, making its vigor sites important to some determination and planetary markets.
Israel and Iran are engaged successful attacks for a fifth straight day, with Israel targeting Iran’s atomic facilities, subject sites, oil and state facilities, and state TV headquarters.
The escalation has raised fears of a widening struggle and turmoil successful planetary vigor markets.
Iran is 1 of the apical planetary producers of lipid and state and holds the world’s 2nd largest proven earthy state reserves and the thirdlargest crude lipid reserves, according to the United States Energy Information Administration.
How large is Iran’s lipid industry?
With astir 157 cardinal barrels of proven crude oil, Iran holds astir a 4th (24 percent) of the Middle East’s and 12 percent of the world’s proven lipid reserves.
Iran is the ninth largest lipid shaper globally and the 4th largest wrong OPEC, producing astir 3.3 cardinal barrels of crude lipid per day. It exports astir 2 cardinal barrels of crude and refined substance each day.
In 2023, Iran’s nett lipid export revenues were estimated astatine $53bn, up sharply from $37bn successful 2021. While Iran’s system is comparatively diversified compared with galore of its neighbours, lipid continues to beryllium a captious root of authorities income.
However, years of constricted overseas concern and planetary sanctions person kept Iran’s lipid accumulation good beneath its afloat potential.
After Israel’s attacks connected Iran began connected Friday, fears of a wider Middle East struggle sent lipid prices soaring astir 7 percent successful a azygous day. Prices person held dependable astir that level since.
Where are Iran’s lipid facilities?
Iran’s lipid facilities are dispersed crossed respective regions, chiefly successful the southbound and westbound of the country. These see onshore oilfields, offshore platforms, refineries, export terminals and pipelines.
Nearly each of Iran’s crude lipid flows done Kharg Island, the country’s main export terminal, which handles adjacent to 1.5 million barrels per day.
More than 20 percent of the world’s seaborne lipid passes done the Strait of Hormuz, a constrictive maritime chokepoint betwixt Iran and Oman.
Major onshore oilfields include:
- Ahvaz Field – Iran’s largest oilfield and 1 of the biggest globally
- Gachsaran Field – second-largest Iranian field, producing airy crude
- Marun Field – different high-output tract adjacent Ahvaz
- Agha Jari, Bibi Hakimeh and Karanj fields – located mostly wrong Khuzestan state successful southwestern Iran, a cardinal oil-producing region
Major offshore fields include:
- Abuzar, Foroozan, Doroud and Salman fields – located successful the Gulf and shared with Saudi Arabia and the United Arab Emirates
Its main refineries include:
- Abadan Refinery – 1 of the oldest and largest refineries successful the Middle East
- Tehran Refinery – supplies the superior and adjacent provinces
- Isfahan, Bandar Abbas, Arak and Tabriz refineries – process assorted crude types for home usage and export
How large is Iran’s state industry?
Iran has the world’s 2nd largest proven earthy state reserves aft Russia. They are estimated astatine 1,200 trillion cubic feet (34 trillion cubic metres), which accounts for 16 percent of planetary reserves and 45 percent of OPEC’s total.
Iran is the 3rd highest shaper of earthy state down the US and Russia with accumulation reaching 9,361 cardinal cubic feet (265 cardinal cubic metres) successful 2023, accounting for astatine slightest 6 percent of planetary production.
Like oil, Iran relies heavy connected home companies to make its gasfields owed to planetary sanctions, which person constricted overseas concern and exertion access.
Where are Iran’s state facilities?
Iran’s state facilities are concentrated chiefly successful the south, particularly on the Gulf, with large gasfields and processing plants.
Iran’s largest gasfield, and the largest successful the world, is the South Pars field, which it shares with Qatar, wherever it’s known arsenic the North Field.
Other important gasfields are the North Pars, Golshan, Ferdowsi, Kangan and Nar fields.
Iran’s main gas-processing centre is the South Pars Gas Complex, located successful Bushehr province.

Which facilities has Israel attacked?
Israel has struck aggregate vigor facilities, including the South Pars gasfield, Fajr Jam state plant, Shahran lipid depot, Shahr Rey lipid refinery and Tehran substance depots.
