IRAN
Oil Ministry Official Says Iran Has 69bn Barrels of Reserves
An Iranian Oil Ministry official has estimated Iran's recoverable oil reserves at 69 billion barrels, considerably higher than the generally accepted figure of around 50bn barrels. The official - Director of Exploration and Production Mohammad-Hassan Towlati - told the official news agency IRNA that this figure applied to reserves recoverable without the use of secondary recovery techniques (such as the ambitious...
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