Middle East Economic Survey
VOL. LIII
No 42
18-Oct-2010
IRAN
Iran Updates Oil Reserves Estimate, As It Claims New Natural Gas Find
A few days after Iraqs announcement regarding the expansion of its oil reserves base by nearly 30%, Irans Minister of Petroleum Masoud Mirkazemi said on 11 October that Tehran has also upgraded its proven reserves capacity estimates to 150.31bn barrels. Mr Mirkazemi noted that this was only the latest monthly review estimate and that the figure will rise up to...
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