Oil Reserves1 89.7 Billion barrels
2002 Oil Production1 1,259.25 Million barrels
2002 Oil Production Value2 $29.341 Billion
2002 Oil Production as Percentage of GDP3 35.65%
Companies Actively Pumping Oil3 National Iranian Oil Company; Gazprom (Russia); ENI-Agip (Italy); Petronas (Malaysia); Royal Dutch Shell (UK and Netherlands); TotalFina-Elf (France)
Top Countries Oil Exported to4 Japan (22%); Italy (8.5%); France (3%); Netherlands (1%); Germany (1%)

1 Source: Oil & Gas Journal, December 23rd 2002; pp. 113-115
2 Based on average imported refiner acquisition cost, January to October, 2002. Source: Monthly Energy Review, www.eia.doe.gov/emeu/mer/prices.html
3 Source: Energy Information Administration country analysis briefs, www.eia.doe.gov/emeu/cabs/
4 Source: International Petroleum Encyclopedia. Tulsa, OK: PennWell Publishing Co. (2002), pp. 79-84.


Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.