The Iranian oil industry is a crucial sector of the country's economy, contributing significantly to its revenue and exports. Iran possesses some of the largest oil reserves in the world, primarily located in the Persian Gulf region. The industry includes exploration, extraction, refining, and distribution of oil and gas products. Despite its vast resources, the Iranian oil industry faces challenges such as international sanctions and aging infrastructure. These factors have impacted production levels and foreign investment. The government continues to seek ways to modernize the industry and increase output to boost economic growth and stability.