Middle East Economic Survey

VOL. LIV

No 4

24-Jan-2011

IRAN

Iran To Inform OPEC Formally Of Iranian Reserves Increase Soon

Irans OPEC Governor Mohammad Khatibi announced on the petroleum ministrys Shana website on 18 January that the Ministry of Petroleum has almost completed the process of collecting data to corroborate its claim that it has increased its oil reserves from 137bn barrels to 150.13bn barrels. Tehran raised its oil reserves estimate last October, shortly after Iraq revised its...