Italian ENI Divulges Azerbaijan’s Proved Oil Reserves

Azerbaijan, Baku, 29 July / Trend / Azerbaijan's proved oil reserves totalled 7bln barrels as to 1 January 2008, which means the figure has not changed since 2003, the World Oil & Gas-2008 report developed by Italian Eni oil and gas company says. The figure coincides with the reports of BP (World Energy Review-2008).

According to Eni, Saudi Arabia takes the first place on mineable oil reserves - about 266.8bln barrels in 2008, 262.3bln barrels in 2007 (according to BP - 264.2bln barrels in 2007).

Eni reported that Kazakhstan possesses the largest volume of proved oil reserves in Central Asia - 30bln barrels, the same as in 2007 (according to BP - 39.8bln barrels).

Russia's proved oil reserves are assessed as 60bln barrels - the same since 2003 (according to BP - 79.4bln barrels).

Iran owns 138.4bln barrels of proved oil reserves (BP reported the same figure), while in 2006 the country was reported to possess 136.3bln barrels. Turkmenistan's proved oil reserves comprised 0.6bln barrels (BP reported the same figure), as in 2006.

Eni reported oil production totalled 865,000 barrels by 1 January 2008 (according to BP - 868,000 barrels), while in 2006 the figure was 655,000 barrels.

Oil production in Kazakhstan totalled 1.38mln barrels per day in 2007 (according to BP - 1.49mln barrels), while in 2006 the figure was 1.33mln barrels per day.

Oil production in Russia totalled 10.08mln barrels per day in 2007 (according to BP - 9.97mln barrels), while in 2006 it was 9.8mln barrels.

Oil production in Turkmenistan totalled 188,000 barrels per day in 2007, while in 2006 it was 174,000 barrels per day (according to BP - 198,000 barrels per day).

Oil production in Iran totalled 4.4mln barrels per day in 2007 (BP reported the same figure), while in 2006 the figure was 4.3mln barrels per day.

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