Wednesday Oct 19, 201106:13 PM GMT
Iran becomes OPEC second oil exporter
Wed Oct 19, 2011 6:15PM
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Iran's OPEC Governor Mohammad Ali Khatibi
Iran has been recognized as the second major oil exporter of the Organization of Petroleum Exporting Countries, Iranian OPEC Governor Mohammad Ali Khatibi says.


The volume of Iran's oil exports reached 2,583,000 barrels per day in 2010, which makes the country OPEC's second major exporter after Saudi Arabia, Khatibi said on Wednesday.

The Iranian official added that by exporting 2,464 million barrels per day in 2010, Nigeria is OPEC's third major oil exporter, Shana reported.

Khatibi said Iran is the world's third major oil exporter after Saudi Arabia and Russia.

OPEC is a permanent intergovernmental organization of 12 oil-exporting nations including Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.

Iran officially took over the rotating presidency of OPEC for the first time in 36 years in January 2011.

Iran has the world's second-largest crude reserves after Saudi Arabia and the second-largest gas reserves after Russia.

MYA/HGH
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