Iran: A Key Player in the Global Energy

Iran holds the fourth-largest proven oil reserves in the world after Venezuela, Saudi Arabia and Canada. Furthermore, Iran holds the second largest proven natural gas reserves after Russia. The vast majority of these reserves must be developed which would require significant investments in infrastructure. Iran also holds the longest coastline along the Persian Gulf where almost 35% of all seaborne traded oil finds its way toward the Indian Ocean via Hormoz Strait. Furthermore, around 20% of global LNG passes through this narrow water way