No 46



Iran Revises Recoverable Liquids Reserves Upwards To 130.81Bn Barrels

Irans Ministry of Petroleum has submitted to OPEC a revised estimate of its oil and condensate reserves base, which upgrades the countrys total recoverable liquids reserves by 36% to 130.81bn barrels at the end of 2002, compared to 96.4bn barrels at the end of 1999, MEES learns. This compares with the Iranian crude oil reserves figure published in the 2002 OPEC Annual Statistical Bulletin of...