The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately 20 mi (32 km) from the Kuwaiti border. Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves estimated at 143.1 billion barrels. Rumaila is said to be the largest oilfield ever discovered in Iraq and is considered the third largest oil field in the world.
Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price. Reserves may be for a well, a reservoir, a field, a nation, or the world. Different classifications of reserves are related to their degree of certainty.
The Ministry of Petroleum (MOP) (Persian: وزارت نفت Vezârat-e Naft) manages the oil industry, the producer of oil and petrochemical products. MoP is in charge of all issues pertaining to exploration, extraction, exploitation, distribution and exportation of crude oil and oil products. In addition, according to the "Imports and Exports Regulation Act", issuing import licenses for such products is also among the functions of the Ministry of Petroleum. According to BP, Iran's has 137.6 billion barrels (2.188×1010 m3) of proven oil reserves and 29.61 trillion cubic meters of proven gas reserves. Iran ranks third in the world in oil reserves and second in gas reserves. It is responsible for applying the principle of Iranian ownership and sovereignty over oil and gas reserves. Also, it is undertake the separation of sovereignty tasks from management and development of country's oil and gas industry.
Marun Field is an oil field, located in the Khuzestan province of Iran and is the second-largest oil field in Iran. The field was discovered in 1963, and owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The impact of the petroleum industry in China has been increasing globally as China is the fourth-greatest oil producer in the world.
For the economic effects refer to Economy of Iran.
The Ahvaz Field is an Iranian oil field located in Ahvaz, Khuzestan Province. It was discovered in 1953 and Developed by Anglo-Persian Oil Company. It began production in 1954. Ahvaz field is one of the richest oil fields in the world with an estimated proven reserves around 65.5 billion barrels, and Production is centered on 750,000 barrels per day (119,000 m3/d). The field is owned by National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The Gachsaran oil field is an Iranian oil field located in Kohgiluyeh and Boyer-Ahmad Province and is around Gachsaran city or Dogonbadan. It was discovered in 1928 and developed by Anglo-Persian Oil Company. It began production of Crude oil in 1930. The total proven reserves of the Gachsaran field are around 52.9 billion barrels (9394×106tonnes), and production is centered on 560,000 barrels per day (89,000 m3/d). The field is owned by National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The Aghajari oil field is an iranian oil field located in Khuzestan Province. It was discovered by Anglo-Persian Oil Company in 1938 and developed by National Iranian Oil Company. It began production in 1940 and produces oil. The total proven reserves of the Aghajari oil field are around 30 billion barrels (3758×106tonnes), and production is centered on 170,000 barrels per day (27,000 m3/d). The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC). Aghajari Gas Injection Project is aimed at boosting production from this aging field.
Iraq was the world's 12th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves after Venezuela, Saudi Arabia, Canada, and Iran. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq's energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009. Iraq's oil sector has suffered over the past several decades from sanctions and wars, and its oil infrastructure is in need of modernization and investment. As of June 30, 2010, the United States had allocated $2.05 billion to the Iraqi oil and gas sector to begin this modernization, but ended its direct involvement as of the first quarter of 2008. According to reports by various U.S. government agencies, multilateral institutions and other international organizations, long-term Iraq reconstruction costs could reach $100 billion or higher.
The National Iranian South Oil Company (NISOC) is a government-owned corporation under the direction of the Ministry of Petroleum of Iran, and operates as a subsidiary of National Iranian Oil Company.
Bijan Allipour is an Iranian business executive. He is the current chairman and CEO of National Iranian South Oil Company (NISOC). Allipour is also a current member of the board of directors of National Iranian Oil Company (NIOC). Prior to his current position he was the senior executive vice president of NISOC, which he had joined in 1979.
The Kupal oil field is an oil field located in Khuzestan Province, at 60 km east of Ahvaz City. It was discovered in 1965 and the production was started after installing production facilities in 1970. The total proven reserves of the Kupal oil field are around 5,6 billion barrels. The field has 60 km in length 1.5 km in width and includes two Asmari and Bangestan reservoirs. So far, 55 wells were drilled in this field, 39 wells are active, which produce totally 93,000 barrels per day (14,800 m3/d). The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The Rag Sefid oil field is an oil field located in Khuzestan Province, approximately 6 km in nearest distance from the Persian Gulf, southwest Iran. It was discovered in 1964 and developed by National Iranian Oil Company and began production in 1966. The total proven reserves of the Rag Sefid oil field are around 14,5 billion barrels, and production is centered on 180,000 barrels per day (29,000 m3/d). The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The Bibi Hakimeh oil field is an oil field located in Bibi Hakimeh, Kohgiluyeh and Boyer-Ahmad Province. It was discovered in 1961. It began production in 1963 and produces oil. Total production of the Bibi Hakimeh oilfield is centered on 120,000 barrels per day (19,000 m3/d). The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
Qeshm Oil and Energy Industries Development company (OEID; Persian: شرکت توسعه صنایع نفت و انرژی Sherkat-e Toasea-ye Sanaaye-ye Naft va Energy ) is one of the subsidiaries of Oil Industries Engineering and Construction group (OIEC). OEID was registered on April 14, 1997 under the name Qeshm Oil Industries Engineering and Construction company and later was renamed to Oil and Energy Industries Development on Oct 15th, 2002...
The Karanj oil field is an Iranian oil field located 120 kilometres (75 mi) east of the Ahvaz City, in Khuzestan Province. It was discovered in 1963 and the production was started after installing production facilities in 1964. Oil production of Karanj field is about 200,000 barrels per day (32,000 m3/d). The field has a 650-metre thick oil column with a API gravity of 33.9 deg. Its oil reserves have been estimated at 11.2 bn barrels, with gas at about 3.5 TCF. A gas injection project at Karanj was completed in 1995. The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The Mansouri oil field is an oil field located in southwest Iran and 45km southeast of Ahvaz city. It was discovered in 1963 and the production was started after installing production facilities in 1974. Oil production of Mansouri field is about 110,000 barrels per day (17,000 m3/d). Its oil reserves have been estimated at 3.3 bn barrels. The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The Abteymour oil field is an Iranian oil field located in Khuzestan Province, in 25 km from west of the Ahvaz City. It was discovered in 1967 and the production was started in 1991. Oil production of Abteymour field is about 48,000 barrels per day (7,600 m3/d). Its oil reserves have been estimated at 12.2 bn barrel. The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
The Masjed Soleyman oil field is an Iranian oil field located in Masjed Soleyman, Khuzestan Province and in the north of Ahvaz City. It was the first oil field discovered in Iran. The field is a mature super-giant, which produces primarily from the prolific Oligocene Asmari horizons, a formation which underpins Iranian crude oil production. The National Iranian South Oil Company operates the field, as well as a number of other fields in the surrounding regions. Oil production of MasjedSoleyman field is about 5,000 barrels per day (790 m3/d). Its oil reserves have been estimated at 6 bn barrel. The field is owned by state-owned National Iranian Oil Company (NIOC).
