Oil Review Middle East


Click here to read the latest edition of Oil Review Middle EastClick here to read the latest edition of Oil Review Middle East
Click Here to View
 
Click here to read the latest edition of Oil Review Middle East - Arabic EditionClick here to read the latest edition of Oil Review Middle East - Arabic Edition
Click Here to View in Arabic
 
Oil Review Middle East e-newsletterOil Review Middle East e-newsletter
Click here to view the E-newsletter
 
 

 
 
 

African Farming and Food Processing
 
 
 

Iran's recoverable oil reserves rise to 157 billion barrels

oil6Iran has the world's second-largest natural gas reserves after Russia. (Image source: Ryan Lackey/Wikimedia Commons)The Iranian Ministry of Oil has announced that Iran's recoverable oil reserves have reached approximately 157bn barrels so far in the current Iranian calendar year

Iranian oil minister Rostam Qasemi said, "Some 14bn barrels of crude oil reserves have been discovered since the beginning of the current year, of which three billion barrels is recoverable."

Iran has also reportedly announced that it will implement plans to boost oil production by 175,000 bopd by 22 August 2013.

Qasemi recently claimed that the country's oil output was projected to increase by 1.5mn bopd by 2016.

Iran is reported to have the world's fourth-largest reserves of recoverable oil after Venezuela, Saudi Arabia, and Canada. With 34 trillion cu m of natural gas reserves, Iran has the world's second-largest natural gas reserves after Russia.

social 01Follow @OilReview on Twittersocial 02Follow our RSS feed for the latest industry newssocial 03Contact the team at Oil Review Middle Eastsocial 04Find out more about Alain Charles Publishing

Market Price Index

Contact Us

Alain Charles Middle East FZ-LLC
Office 215, Loft No2A,
Dubai Media City,
UAE
T:  +971 (0) 4 448 9260
W: www.alaincharles.com

social 01Follow @OilReview on Twitter
social 02Follow our RSS feed for the latest industry news
social 03Contact the team at Oil Review Middle East

Copyright © 2014 Alain Charles Publishing Ltd.