VOL. XLIV

No 31

30-July-2001

IRAN

NIOC Discloses Towsan And Karanj Reserves Estimates

Mahmoud Mohaddes, Director of Exploration at theNational Iranian Oil Company (NIOC), has given reserves estimates for an oildiscovery and a gas discovery made last year, according to Iranian mediareports on 22 July. Mr Mohaddes told state radio that the Towsan offshore oildiscovery has estimated oil-in-place of 400mn barrels, of which 100mn barrelswould be recoverable. The find was made 35km southeast of the...