Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

IRAN

Ramin And South Pars Reserves Additions Announced by Zanganeh

Iranian Petroleum Minister Bijan Zanganeh on 8 March announced that the National Iranian Oil Company (NIOC) had discovered additional reserves in the Ramin onshore oilfield and the South Pars offshore gasfield. He said that recent studies of data gathered in Ramin oilfield, which lies northeast of Ahwaz oilfield, suggest the former has 5.7bn barrels of oil in place, with...