Iran's proven oil reserves will last for another 60 years

Date: 11:18, 23-09-2014.

Almaty. September 23. Silkroadnews - Iran's proven oil reserves will last for another 60 years, and natural gas - for 200 years, reports IrTAG referring to the deputy director of the National Iranian Oil Company on exploration Bachman Sulejmani.
He noted that according to assessments carried out shortly after the 1979 Islamic revolution, it was believed that Iran's oil reserves will be enough for only 20 years, but as a result of intensive exploration work in the country were found significant new deposits of "black gold".
According to the deputy director, the majority of such work are carried out in the Persian Gulf, Oman Sea and the Zagros mountain range.
According to official data, the authorities intend to increase oil production to 4 million barrels per day by the end of the current Iranian year, ie until March 21, 2015.

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