Iran oil reserves increase, officials say

Iran’s proven oil reserves increased dramatically, bringing in foreign investments of roughly $10 billion in the past year, officials said.

Seifollah Jashnsaz, director of the National Iranian Oil Co., told the Mehr news agency in Iran that oil reserves now stand at more than 138 billion barrels and production has increased substantially.

“Already the capacity of the country’s oil production is more than 4.3 million barrels per day,” he said.
UPI