• 2 October 2017 - 19:30
  • News Code: 321791
Iran

The International Energy Agency (IEA) in its latest report on the status of the global energy market said that Iran was the world’s third largest producer of natural gas in 2016, ISNA reported.

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 world’s 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 world’s 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, Pakistan Observer reported.

On the same front, Iran’s 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 world’s leading countries in terms of production of electricity from nuclear energy.

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

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