Iran Proven Hydrocarbon Reserves 30 Billion Barrels more than 2011 Estimates

Director of Exploration at the National Iranian Oil Company (NIOC) Saleh Hendi told a press conference on Monday that the country has discovered 11 new gas field, two new gas reserves, 10 oil field and 2 new oil reserves since 2011, beginning of the country’s 5th five-year development plan (2011-15). 

Moreover, new drilling operations at old oil and gas fields have led to new discoveries, he said.

Under the 6th development plan, the country has risen its oil and gas reserves by 30 billion barrels and 70 trillion cubic feet, he added.