Iran’s crude reserves up by 9 percent

Press TV – January 19, 2011

Iranian OPEC Governor Mohammad Ali Khatibi has announced that the crude oil reserves of the country have increased more than 9 percent to 150 billion barrels.

Khatibi said on Tuesday that considering the new oil and gas discoveries, Iran’s crude oil reserves have risen to 150 billion barrels of oil, Iran’s oil ministry’s official website Shana reported.

The Iranian official noted that the figure represents a 9.5 percent increase from the previous reserve level of 137 billion barrels of crude oil estimated to exist in Iran’s basin.

Khatibi further pointed out that Iran will maintain a daily oil production level of around 4.2 million barrels, so the proven reserves of the country will last at least another 98 years.

Iran took over at the rotating presidency of OPEC this year for the first time in the past 36 years. The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization of 12 oil-exporting developing nations also including Algeria, Angola, Ecuador, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.

Earlier on Sunday, Iranian Oil Minister Massoud Mirkazemi announced that a new gas field worth more than $50 billion with in-place reserves of 260 billion cubic meters of natural gas was discovered in eastern part of the port city of Assaluyeh in southern Iran.

Khayyam gas field also has some proven reserves of 220 million barrels of gas condensates, the minister added.

Iran discovered 13 new oil and gas fields with in-place reserves of 14 billion barrels of oil and 45 trillion cubic feet of natural gas from August 2009 to August 2010, a report published by Iran’s Oil Ministry said in August 2010.

Iran is ranked third in terms of proven oil reserves and is OPEC’s second-largest oil producer after Saudi Arabia. In 2009, Iran’s crude production stood approximately at 3.8 million barrels per day. The Persian Gulf country sits on the world’s second largest gas reserves after Russia.

January 19, 2011 - Posted by aletho | Malthusian Ideology, Phony Scarcity, Timeless or most popular

No comments yet.

The American Retreat from Vietnam

Aletho News Videos

or go to

Aletho News Archives – Video-Images

From the Archives

Secret document reveals plans for civil war in Lebanon, Israeli false flags, and invasion

By Randi Nord | Geopolitics Alert | April 5, 2019

Beirut – During his visit with US Secretary of State, Mike Pompeo, Lebanese President Michael Aoun reportedly received a US-Israeli document detailing plans for creating a civil war in Lebanon with covert false flag operations and possible Israeli invasion.

Although the source of the document is Israeli and created in partnership with Washington, no one knows who presented it to Aoun. The Lebanese TV station, Al-Jadeed, initially reported the document on Lebanese TV and a video on its website. Geopolitics Alert translated the report for this article. … continue

Blog Roll

Subscribe to Aletho News

Enter your email address to receive new posts by email.

Email Address:

Join 2,351 other subscribers
Visits Since December 2009
- 7,735,188 hits
Looking for something?

Search for:
Archives
Archives
Calendar

January 2011

M T W T F S S

1 2

3 4 5 6 7 8 9

10 11 12 13 14 15 16

17 18 19 20 21 22 23

24 25 26 27 28 29 30

31

« Dec Feb »
Categories

Aletho News Civil Liberties Corruption Deception Economics Environmentalism Ethnic Cleansing, Racism, Zionism Fake News False Flag Terrorism Full Spectrum Dominance Illegal Occupation Mainstream Media, Warmongering Malthusian Ideology, Phony Scarcity Militarism Progressive Hypocrite Russophobia Science and Pseudo-Science Solidarity and Activism Subjugation - Torture Supremacism, Social Darwinism Timeless or most popular Video War Crimes Wars for Israel
Tags
Afghanistan Africa AIPAC al-Qaeda Australia BBC Benjamin Netanyahu Brazil Canada CDC Central Intelligence Agency China CIA CNN Covid-19 COVID-19 Vaccine Donald Trump Egypt European Union Facebook FBI FDA France Gaza Germany Google Hamas Hebron Hezbollah Hillary Clinton Human rights Hungary India Iran Iraq ISIS Israel Israeli settlement Japan Jerusalem Joe Biden Korea Latin America Lebanon Libya Middle East National Security Agency NATO New York Times North Korea NSA Obama Pakistan Palestine Poland Qatar Russia Sanctions against Iran Saudi Arabia Syria The Guardian Turkiye Twitter UAE UK Ukraine United Nations United States USA Venezuela Washington Post West Bank WHO Yemen Zionism

January 2011
M	T	W	T	F	S	S
	1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30
31

Aletho News
If Americans Knew
No Tricks Zone
Contact:

atheonews (at) gmail.com
Disclaimer

This site is provided as a research and reference tool. Although we make every reasonable effort to ensure that the information and data provided at this site are useful, accurate, and current, we cannot guarantee that the information and data provided here will be error-free. By using this site, you assume all responsibility for and risk arising from your use of and reliance upon the contents of this site.

This site and the information available through it do not, and are not intended to constitute legal advice. Should you require legal advice, you should consult your own attorney.

Nothing within this site or linked to by this site constitutes investment advice or medical advice.

Materials accessible from or added to this site by third parties, such as comments posted, are strictly the responsibility of the third party who added such materials or made them accessible and we neither endorse nor undertake to control, monitor, edit or assume responsibility for any such third-party material.

The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The word “alleged” is deemed to occur before the word “fraud.” Since the rule of law still applies. To peasants, at least.

Fair Use

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more info go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

DMCA Contact

This is information for anyone that wishes to challenge our “fair use” of copyrighted material.

If you are a legal copyright holder or a designated agent for such and you believe that content residing on or accessible through our website infringes a copyright and falls outside the boundaries of “Fair Use”, please send a notice of infringement by contacting atheonews@gmail.com.

We will respond and take necessary action immediately.

If notice is given of an alleged copyright violation we will act expeditiously to remove or disable access to the material(s) in question.

All 3rd party material posted on this website is copyright the respective owners / authors. Aletho News makes no claim of copyright on such material.

Aletho News

ΑΛΗΘΩΣ