Apr 18, 2016
The Islamic Republic of Iran (also known as Persia) with recoverable crude oil reserves of nearly 158 billion barrels is the world’s fourth largest country in terms of crude reserves. The country also holds more than 34,000 bcm of natural gas reserves which account for nearly one-fifth of the global proven reserves of natural gas. With such high volumes of oil and natural gas reserves the country was the second largest oil producer amongst the OPEC members and also the third largest crude oil
An insightful article about #Iran and the shifting balance of power in the global oil and gas sector.