Iran Proven Hydrocarbon Reserves more 30 Billion Barrels than 2011 Estimates

Iran Proven Hydrocarbon Reserves more 30 Billion Barrels than 2011 Estimates
Iran says its proven in-place oil and gas reserves are higher by 30 billion barrels and 128 trillion cubic feet, respectively, than 2011 estimates.

Director of Exploration at the National Iranian Oil Company (NIOC) Saleh Hendi told a press conference on Monday that the country has discovered 11 new gas field, two new gas reserves, 10 oil field and 2 new oil reserves since 2011, beginning of the country's 5th five-year development plan (2011-15). 
Moreover, new drilling operations at old oil and gas fields have led to new discoveries, he said.

Under the 6th development plan, the country has risen its oil and gas reserves by 30 billion barrels and 70 trillion cubic feet, he added. 


Feb 14, 2017 11:03

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.