VOL. XXXVII

NO. 15

10-JANUARY-1994

Iran

Aghazadeh Says Iranian Oil Reserves Reach 90Bn Barrels

Iranian Oil Minister Gholamreza Aghazadeh announced on 2 January that Iran'sofficial proved crude oil reserves now total 90.5bn barrels and that natural gasreserves amount to 20 trillion cu.ms. (700 trillion cu.ft.). Speaking at aninternational congress on non-renewable energy sources in Tehran, Mr. Aghazadehsaid that the employment of secondary recovery methods had boosted reserves by20%.