VOL. XXXIX

No. 51

16-September-1996

IRAN

NIOC's Oil/Gas Discoveries In 1995-96 Are In Line With Second Plan Targets, Says Hosseini

The National Iranian Oil Company (NIOC) has discovered 100mn barrels of recoverable oil and 104mn barrels of condensate together with 10 trillion cubic feet (TCF) of natural gas in 1995-96, the first year of the second five- year development plan (1995-2000), according to Mr. Seyed Mehdi Hosseini, NIOC Director for Exploration and Board Member. In an...