Iran uncovers new oil reserves
Azerbaijan, Baku, Nov. 23 / Trend A.Yusifzade /
Iran has uncovered new oil reserves on the Firdovsi oil and gas field in the Persian Gulf, Pars Oil and Gas Company Managing Director Ali Vakili said today. The reserves hold 34 billion barrels.
Earlier, Iranian Oil Minister Masoud Mirkazemi said a new oilfield had been discovered in southern Iran, increasing the country's proven oil reserves to 150.31 billion barrels.
He added that exploration would continue to uncover new fields, adding that the volume of the country's reserves "would definitely increase" by the end of the Iranian calendar year in March.
Iran is the world's third-largest oil producer. Its crude production last year was 3.8 million bpd.
According to OPEC, the average daily oil production in Iran was 3.65 million barrels in September, which is 44,200 barrels less than in August.
According to BP, the country's proven oil reserves were 137.6 billion barrels, with proven natural gas reserves of 29.61 trillion cubic meters, as of Jan. 1.