OGJ Newsletter

GENERAL INTEREST — Quick TakesIran reclaims third position in oil reservesIran has reclaimed third position in officially estimated oil reserves, only days after the Iraqi government jumped ahead of it with a large increase of its own.Masoud Mirkazemi, minister of petroleum, said in Tehran that the official Iranian reserves estimate had increased to 150.31 billion bbl and would increase again by yearend.The earlier estimate was 137.62 billion bbl, third largest in the world behind Saudi Arabia and Canada until Iraq raised its estimate to 143 billion bbl of reserves from 115 billion bbl (OGJ, Oct. 11, 2010, Newsletter). Most of Canada's reserves estimate is oil sands and heavy oil re...

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