Iran Recoverable Oil Reserves at 160b Barrels, Gas 33tcm

Iran recoverable crude oil and gas condensates reserves are estimated at 160 billion barrels. According to the Exploration Department of the National Iranian Oil Company, proven gas reserves are close to 33 trillion cubic meters, making it the world’s biggest natural gas reserve, Shana reported.
According to the United States Geological Survey Organization, Iran, after Iraq and Russia, ranks third in term of undiscovered reserves.