Oil Reserves
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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.