Study shows amount of Iranian hydrocarbon reserves

Jul 03, 2002 02:00 AM

Studies conducted at the beginning of the current year (started 21 March 2002) show that oil and gas reserves currently stand at 270 bn barrels. Natural gas reserves have been estimated at 26.6 tcm, which is 17 % of the world's proven gas reserves and 47.7 % of the proven gas reserves in the Middle East.

Domestic gas consumption in the past decade increased substantially, reaching 71 bn cm early this year. The Third Five-Year Development Plan (2000-2005) stipulates that the refining capacity at the end of the current Iranian year should reach 350 mm cmpd.
Iran's gas distribution system has also undergone major changes and some 69,000 km of gas pipelines have been laid across the country.

Source: IranMania News
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