Oil & Gas Leaders Magazine: Sustainability Through Innovation in UAE's Oil and Gas Industry
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Exclusive: H.E. Saif Humaid Al Falasi, Group CEO of Emirates National Oil Company (ENOC). Stories from Saudi Aramco, Rosneft, Jacobs, ADNOC, Exxon Mobil, KBR, Qatar Petroleum, Chevron, McDermott.
Special Feature Stories: Chemical, Drilling, Exploration, Offshore, Onshore, Petroleum, Energy Storage, Oil Transport, Refinery, Upstream, Midstream, Energy, Downstream, Sustainability
Country Focus: United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, United Kingdom, Singapore, Hong Kong, Philippines, Malaysia, Indonesia, India, Australia.
More engineering stories at https://www.gineersnow.com/topics/magazines
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Iran Still World’s<br />
Largest Natural<br />
<strong>Gas</strong> Player<br />
A new report shows Iran still has the world’s largest<br />
reserves of natural gas <strong>and</strong> is closely followed by<br />
market rivals Russia <strong>and</strong> then Qatar.<br />
The global energy giant British Petroleum (BP) <strong>in</strong> its<br />
annual report on world energy reserves put Iran’s<br />
natural gas reserves at 33.5 trillion cubic meters<br />
(tcm).<br />
The figure was obta<strong>in</strong>ed as a result of estimates<br />
obta<strong>in</strong>ed at the end of 2016 <strong>and</strong> BP said <strong>in</strong> its report<br />
– named “Statistical Review of World Energy 2017”<br />
– that Iran’s reserves had rema<strong>in</strong>ed unchanged from<br />
last year.<br />
BP further put the reserves of Russia – Iran’s closest<br />
rival <strong>in</strong> terms of gas reserves - at 32.3 tcm.<br />
The world’s third largest reserves at 24.3 tcm belong<br />
to Qatar with which Iran’s shares its huge South Pars<br />
gas field.<br />
Iran’s gas reserves account for 18 percent of world’s<br />
total. The reserves of Russia <strong>and</strong> Qatar account<br />
for 17.3 percent <strong>and</strong> 13 percent of the global total,<br />
respectively.<br />
In terms of production, the United States ma<strong>in</strong>ta<strong>in</strong>ed<br />
its market supremacy <strong>in</strong> 2016 by produc<strong>in</strong>g around<br />
750 billion cubic meters (bcm) of gas.<br />
Russia came next with about 580 bcm <strong>and</strong> was<br />
followed by Iran at 202.4 bcm.<br />
The next biggest producers were Qatar (181.2 bcm),<br />
Canada (152 bcm), Ch<strong>in</strong>a (139 bcm), Norway (116<br />
bcm) <strong>and</strong> Saudi Arabia (109 bcm).<br />
Accord<strong>in</strong>g to the BP report, Iran also has the world’s<br />
fourth largest reserves of crude oil at 158.4 billion<br />
barrels (bbl).<br />
At the top of the list st<strong>and</strong>s Venezuela with 300 bbl<br />
<strong>and</strong> is followed by Saudi Arabia (266.5 bbl) <strong>and</strong><br />
Canada (171.5 bbl).<br />
Iran is followed by Iraq (153 bbl), Russia (109 bbl),<br />
<strong>and</strong> Kuwait (101.5 bbl) <strong>in</strong> the league of countries<br />
with triple digit oil reserves.<br />
12 <strong>Oil</strong> & <strong>Gas</strong> <strong>Leaders</strong> • July 2017