Middle East Economic Survey
VOL. LIV
No 17
25-Apr-2011
IRAN
NIOC Raises Iran Oil Reserves Estimate To 155Bn Barrels
National Iranian Oil Company (NIOC) Managing Director Ahmad Qalebani told reporters on 16 April that the company has raised its estimate of Iranian oil reserves to 155bn barrels. This increase follows last years raising by Iran of its oil reserves estimate to 150.3bn barrels from 137bn barrels (MEES, 18 October 2010), shortly after Iraq hiked its own oil reserves estimate to...
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