Tag Archives | oil reserves

Iran sitting on 200 Undeveloped Oil/Gas Reservoirs

There are currently over 200 undeveloped oil and gas reservoirs in Iran, an official has said. According to the National Iranian Oil Company (NIOC), Director of NIOC’s Integrated Planning Karim Zobeidi said that a total of 42.4% of Iran’s oil reservoirs and 10% of the gas reservoirs have been depleted so far. Speaking on Monday […]

15 Billion Barrel Oil Find in Iran

The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, says new discoveries have placed Iran’s total in-situ oil reserves at least 15 billion barrels higher than previous estimates. 2 billion barrels of the amount can be recovered, the official told a press conference. Iran is estimated to be stilling atop 711.53 billion […]