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Monday, February 13, 2017

Iran Found 30 Billion Barrels of Oil: Official

Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says.
Some 4.7 billion barrels of these reserves are recoverable, said Seyyed Saleh Hendi who also announced the discovery of 128 trillion cubic feet of gas.
New discoveries, which happened over the past four years, show that more gas finds are likely, while any new oil find is not believed to be sizable, the official told reporters in Tehran.

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