As of 31 December 2018, total reserves of 58.32 billion barrels (9.272 × 10 9 m 3) of oil equivalent including 48.25 billion barrels (7.671 × 10 9 m 3) barrels of liquid reserves have been confirmed by Saudi Aramco. Average daily extraction was 3.8 million barrels (600,000 m 3) per day.
How much oil does Iran produce a day?
Iran produces about three million barrels of oil per day, or about 3 percent of world supply. Its biggest customer is China. An Israeli strike on Iranian oil installations might prompt Iran to target refineries in Saudi Arabia or the United Arab Emirates.
How much oil does Shaybah produce a day?
Project Shaybah still recall the spine-tingling excitement the team felt waiting for the first few drops of oil to reach the facility. These first few drops turned into half a million barrels of oil per day, enough to supply 10 million households. Despite its success, we knew there was even greater potential for Shaybah.
Where are Iran’s oil facilities?
A significant number of facilities are off Iran¡¯s coast or on islands, such as its main oil export terminal on Kharg Island in the Persian Gulf. Damaging oil facilities could harm Iran¡¯s already frail economy and disrupt global oil markets a month before the U.S. elections.