Middle East Economic Survey
Azadegan Reserves Estimate Increased To 9Bn Barrels
The estimated recoverable oil reserves in Irans Azadegan oilfield have been increased to 9bn barrels, according to an IRNA news agency report of 13 August citing Naji Saduni, Azadegan project Director for the National Iranian Oil Company (NIOC). He said the reserves hike was based on recent studies which increased the estimate for oil-in-place to 35.9bn barrels. The company...