Energy Information Administration Country Analysis Brief on Iran, October 2007 (14 pages, PDF) “Iran is a member of the Organization of the Petroleum Exporting Countries (OPEC), and ranks amongst the worlds top three holders of proven oil and natural gas reserves. Iran is OPECs second-largest exporter after Saudi Arabia, and is the fourth-largest exporter of crude oil globally after Saudi Arabia, Russia, and Norway. Natural gas accounts for half of Irans total domestic energy consumption, while the remaining half is predominately oil consumption. The continued exploration and production of the offshore South Pars natural gas field in the Persian Gulf is a key part of in Irans energy sector development plan.”