VOL. XLVI

No 48

1-December-2003

IRAN

Iran Declares Reserves Additions In Producing Fields

The Iranian Ministry of Petroleum revised upwards its estimated recoverable liquids reserves in existing oil and gas fields by 33.5bn barrels in 2002, as part of a study which led to the countrys total recoverable reserves of oil and condensate being estimated at 130.81bn barrels at the end of 2002. The 35%-plus increase in reserves compared with end-1999 estimates, and recent work by the National Iranian Oil...