Gulf Oil and Gas accountACCOUNT

Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province

Source: www.gulfoilandgas.com 2/28/2017, Location: Asia

Share |
Iran has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production.

"Based on studies, it is estimated that the shale oil reserves in Ghali Koh in Lorestan amount to 2 billion barrels of oil in place," Bahman Soleimani, NIOCs deputy director for exploration. "The oil is light", he added.

Soleimani said exploration was also being carried out for shale gas reserves in the area, and the studies were expected to be completed by October, 2017.

Irans proven oil reserves of about 160 billion barrels, almost 10 percent of the worlds total, rank it fourth among petroleum-rich countries.

Unconventional Resources News in Iran >>

Russia >>  8/6/2017 - Improvements in household consumption and gross fixed capital formation (GFCF) were larger than the negative impact of lower net exports in 1Q17, lead...
China >>  7/26/2017 - The latest information for China showed that total commercial oil inventories fell by 5.3 mb in May for the third consecutive month to settle at 376.6...

Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Privacy Policy.