Monday, May 23, 2011

Iran’s oil reserves reached 155 billion barrels



Iran’s crude reserves increased by 758 million barrels following the discovery of a deposit of light oil in southern Iran, Press TV reported, citing Ahmad Qalebani, National Iranian Oil Co.’s managing director.

Qalebani said last week that Iran’s oil reserves reached 155 billion barrels from an earlier 151.3 billion due to the discovery of new fields, tni opeche state-run satellite news channel said. The report on the broadcaster’s website didn’t specify whether today’s announced increase is in addition to or part of the earlier figure.OIL RESERVES IN IRAN







The deposit off the Persian Gulf coast is located at the Khayyam field in Iran’s southern Hormozgan province and has the potential to produce 35,000 barrels of oil a day, Qalebani said, according to Press TV.

Iran is the second-largest crude producer in the Organization of Petroleum Exporting Countries after Saudi Arabia.




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