Oil Reserves
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Oil minister says Iran has no unsold oil at sea
TEHRAN, Aug. 21 (MNA) – Iranian Minister of Oil Mohsen Paknejad has said that not a single barrel of unsold Iranian oil is left at sea, stressing that all shipments currently at sea are managed according to market conditions and precise planning.
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Iran ensures winter supply with higher fuel reserves
Iranian oil minister Ministry’s strong measures to ensure winter fuel supply, stating that power plants’ liquid fuel reserves by Aug. 16 are approximately 60% higher than last year.
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Power plant diesel reserves up 85%: Iran oil ministry
TEHRAN, May 28 (MNA) – Diesel storage levels at power plants reached nearly 1.5 billion liters in the first two months of the Iranian calendar year 1404 (March 21–May 21), registering an 85% growth compared to the same period last year.
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Iran ranks 3rd in oil reserves globally: OPEC
TEHRAN, Jul. 23 (MNA) – Iran has the third largest proven oil reserves across the world, new figures by the Organization of Petroleum Exporting Countries (OPEC) show.
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China announces massive oil and gas discovery in north
TEHRAN, Mar. 04 (MNA) – Chinese state-owned oil and gas corporation CNOOC has announced the discovery of a major oilfield with light crude reserves of 100 million tons in the Bohai Sea, which stretches along the country’s northern coastline.