Iran has recoverable crude oil reserves of 160 billion barrels, the National Iranian Oil Company said, adding recoverable natural gas reserves came in at 33.33 trillion cubic meters, Mehr news agency reported. The data, according to the Iranian media, makes Iran the third-largest holder of oil and gas reserves in terms of exploration capacity after the United States and Russia. In natural gas, Iran’s biggest deposit is a field it shares with Qatar, South Pars, where maximum daily production has reached 66 million cubic meters. In oil, some…
