Tag Archives | Rystad Energy

Iran has World’s 5th Lowest Oil Production Costs

By John Lee. A report by Rystad Energy says that Iran has the world’s fifth-lowest-cost crude oil. Kuwait came in lowest at $8.50 per barrel, with Saudi Arabia at $9.90, followed by Iraq at $10.70. Fourth place went to UAE at $12.30, and Iran took fifth place with $12.60. The United Kingdom was the most […]