BAKU, Azerbaijan, October 5. Iran's petroleum product exports decreased by 25 percent, or $2.5 billion, during the five months of the current Iranian year (from March 21 through August 22, 2025) compared to the same period last year (from March 20 through August 21, 2024), Hamid Hosseini, spokesman for the Iranian Oil Products Exporters Union, told local media, Trend reports.
As per his analysis, this metric totaled $7.5 billion,
contrasting with the $10 billion benchmark established during the
corresponding timeframe of the previous fiscal year.
Hosseini observed that there is a lack of granular data regarding
the precise metrics of gas and liquefied gas exports from the
nation; nonetheless, projections indicate that liquefied gas
exports reached a valuation of $2.5 billion over a five-month
period.
The union representative indicated that the annual exportation of
gas is valued at approximately $4.5 to $5 billion.
To note, according to the latest report of the Organization of the Petroleum Exporting Countries (OPEC), Iran's crude oil production in August was 3.2 million barrels per day. Crude oil production decreased by 27 percent compared to July.
Currently, Iran has 74 active oil fields and 22 gas fields. Of these, 37 are operated by the National Iranian South Oil Company, 14 by the Iranian Central Oil Fields Company, five by the Arvandan Oil and Gas Production Company, and 18 by the Iranian Offshore Oil Company. As for gas, five fields are located in the territory of the National Iranian South Oil Company, 13 in the Iranian Central Oil Fields Company, one in the Pars Oil and Gas Company, and three in the Iranian Offshore Oil Company.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With existing equipment and technology, about 340 billion barrels can be extracted, meaning that only around 30 percent of reserves are recoverable, while the remaining 70 percent remains untapped underground.
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