Iran’s oil reserves ups 1bn barrels

News ID: 2967888 -
TEHRAN, Nov. 15 (MNA) – New discoveries have indicated that Iran’s hydrocarbon reserves are 1bn barrels higher than what had been estimated before.

Karim Zobeidi, an official of NIOC provided new figures of oil and gas condensates of Iranian ores; “according to the latest discoveries, country’s overall reserves had risen 1bn barrels by March 21 2015 compared to that in the year before,” he told reporters on Sunday.

Zobeidi, who is also NIOC’s Deputy-Head of Body to Evaluate of Hydrocarbon Resources Plans, told that the only authoritative bodies to officially announce oil and gas reserves were Minister of Oil and NIOC directing manager.

Roknoddin Javadi, NIOC directing manager had told Mehr News earlier this month that new oil and gas fields had been discovered, predicting announcement of new figures of the reserves in the near future.

Still in a related story, Directing Manager of Iran's Central Oil Fields Company (ICOFC) Salbali Karimi confirmed the discovery of new oil and gas reserves in an interview to Mehr News before. British Petroleum annual report credits Iran with the largest natural gas proved reserves by the end of 2013. According to the report, Iran’s natural gas reserves show a 200bn cubic meters, thus amounting to 33.8 trillion cubic meters, followed by Russia with 31.3 trillion cubic meters, Qatar and Turkmenistan with 17.5 trillion cubic meters, and the US with 9.3 trillion cubic meters.

The latest report by BP gives Iran’s oil reserves staggering 157bn barrels of crude, which amount to 9.3 per cent of global reserves, and 19.4 per cent of the Middle East total crude, standing in fourth place globally.

 

SH/2967583

 

Comment

2 + 2 =