Iran Oil Reserves to Last 155 Years

Iran's hydrocarbon reserves will last 155 years. Houtan Salari, a deputy at the National Iranian Oil Company, made the statement on the sidelines of "Third Argus Iran LPG and Petrochemical Conference" in Tehran, slated for April 17-18, NIOC's news portal reported on Tuesday. Pointing to the country's in-place oil reserves, Salari said Iran boasts one the world's largest proven oil reserves of 158.7 billion barrels.