EconomyIran

Iran’s proven oil reserves up 10%: NIOC

 

The studies conducted by Iranian and foreign companies show that the volume of proven oil reserves of Iran has increased by 10%, said the deputy managing director of Iranian National Oil Company (NIOC).

‘According to the research carried out on the oil fields by the Iranian and foreign companies, noticeable results have been achieved regarding the proven oil reserves,’ said Gholam-Reza Manouchehri in the Second Iran International Exploration and Production Congress and Exhibition (Iran E&P 2018).

‘If there is just one event that all the relative state officials, public and private decision makers and dependent industry managers of Iran gather together, it is Iran E&P 2018, along with the specialist event, Iran Drilling 2018,’ wrote the Iran E&P 2018 official website.

‘We proved that out of all the events held in Iran in petroleum, this is the perfect one in content and organizing. Thus, every stakeholder of the country is eager to participate. Tight connections with the industry have made us come up with the exact titles for sessions. With diversified subjects and types, 50 panels of Iran E&P 2018 will get the delegates in the picture of what is really going on and what is going to be needed in the industry,’ it said.

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