Iran's Reveals Discovery of 110 Billion Oil Barrels


(MENAFN- Qatar News Agency) Iran's Deputy Oil Minister Mohsen Khojastehmehr has announced that since 2005 the Ministry has discovered 110 billion barrels of new oil reserves. According to Iranian news agency (Mehrnews), the Deputy Oil Minister pointed out that Iran has more than 157 billion barrels of oil reserves and added: "our gas reserves have increased to 34 trillion CBM." This official emphasized: "currently Iran is the largest holder of natural gas reserves in OPEC, and that the world count on Iran's oil and gas reserve, certainly Iran's energy supplies has no substitute in the world."


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