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Page added on December 19, 2018

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Iran Claims It Holds The Most Oil, Gas Reserves In The World

Geology

Despite the U.S. sanctions, Iran continues to explore and discover new oil and gas reserves and now ranks “first in terms of oil and gas reserves in the world,” Iranian media quoted Seyyed Saleh Hendi, head of exploration at the National Iranian Oil Company (NIOC), as saying.

“Based on our Five-Year Development Plan, we have had good achievements in exploration of oil and gas reservoirs, so that we now rank first in terms of oil and gas reserves in the world,” Fars news agency quoted Hendi as saying at a press conference this week.

According to the CIA World Factbook with data as at January 2017, Iran ranks fourth in the terms of biggest proved crude oil reserves in the world, behind Venezuela, Saudi Arabia, and Canada. In the natural gas proved reserves ranking, Iran is second behind Russia and ahead of Qatar and the United States.

The BP Statistical Review of World Energy 2018 with data at end-2017 also places Iran fourth in proved oil reserves, behind Venezuela, Saudi Arabia, and Canada, and second in natural gas behind Russia.

According to Iran’s Hendi, the success rate in exploration in the country exceeds 60 percent. The U.S. sanctions have had no impact on exploration operations which continue as usual, the exploration chief at NIOC says, noting that the sanctions make Iran self-sufficient in producing equipment for oil and gas exploration, according to Iranian media.

Due to the U.S. sanctions, France’s Total—which had become the first supermajor to return to Iran after the previous sanctions were lifted-said in May that it would not be in a position to continue the South Pars 11 gas project and would have to unwind all related operations before November 4, 2018.

China National Petroleum Corporation (CNPC) is replacing Total in Iran’s multi-billion-dollar South Pars gas project, Iran’s Oil Minister Bijan Zanganeh said at the end of November. However, reports emerged last week that CNPC had suspended investment in the giant South Pars gas field in Iran, following pressure from the United States and in an attempt to steer clear of U.S.-China tensions amid the ongoing trade talks.

By Tsvetana Paraskova for Oilprice.com



63 Comments on "Iran Claims It Holds The Most Oil, Gas Reserves In The World"

  1. Cloggie on Wed, 19th Dec 2018 2:37 pm 

    Good news for Eurasia. All Iran needs to do is build pipelines to the Kaspian and connect to the New Silk Road and US sanctions are impotent.

  2. I AM THE MOB on Wed, 19th Dec 2018 2:51 pm 

    Clogg

    I don’t think so..

    https://imgur.com/a/anB9pBw

    Keep dreaming pal..That will be our oil and gas soon! And Europe cant shit about it..They can have the migrants after we take the oil fields like in Libya and Iraq though..

    LMFAO!

  3. I AM THE MOB on Wed, 19th Dec 2018 2:59 pm 

    Iran will soon have a friend puppet government!

    This is why Trump is pulling out of Syria..Get the troops ready for invading Iran..

    https://imgur.com/a/anB9pBw

  4. Cloggie on Wed, 19th Dec 2018 3:23 pm 

    “Iran will soon have a friend puppet government!”

    Haven’t you got your arses kicked enough already?

    North-Vietnam
    Iran (Khomeiny)
    Aghanistan
    Iraq
    Syria

  5. I AM THE MOB on Wed, 19th Dec 2018 4:31 pm 

    Clogg

    Der Spiegel says top journalist faked stories for years
    https://www.theguardian.com/world/2018/dec/19/top-der-spiegel-journalist-resigns-over-fake-interviews

    Your favorite news site is fake news..Just like daily mail..You are such a low brow moron..

    And we won in Iraq and Libya. Look who controls their oil production..That is all we wanted..And Afghanistan isn’t meant to be won..Its meant to unload supplies to sell more weapons..

    LMFOA

  6. Davy on Wed, 19th Dec 2018 4:32 pm 

    “Good news for Eurasia. All Iran needs to do is build pipelines to the Kaspian and connect to the New Silk Road and US sanctions are impotent.”

    Sure neder, tell all the companies who do business in the US that and they will laugh at you. You really don’t think things through. there is more to sanctions than oil.

  7. Davy on Wed, 19th Dec 2018 4:33 pm 

    “Haven’t you got your arses kicked enough already?”

    WW1 & WWII and you have been nothing ever since.

  8. I AM THE MOB on Wed, 19th Dec 2018 4:43 pm 

    ‘Far-right cell’ in German police ‘threatened to kill lawyer’s two-year-old daughter’

    https://www.independent.co.uk/news/world/europe/german-police-neo-nazi-cell-seda-basay-yildiz-lawyer-death-threat-daughter-frankfurt-a8687731.html?utm_source=reddit.com&utm_source=reddit.com

  9. I AM THE MOB on Wed, 19th Dec 2018 4:51 pm 

    Elon Musk’s Tunnel Project in Los Angeles is Bad Joke

    https://usa.streetsblog.org/2018/12/19/elon-musks-tunnel-project-in-los-angeles-is-bad-joke/

  10. Anonymous on Wed, 19th Dec 2018 9:46 pm 

    I saw an interesting lecture where speaker did a thought experiment showing US, SA, Russia all at ~10 MM bopd on a column chart. Then he showed two more columns and it was Iran and Iraq at 10 MM bopd.

    Not sure if that will ever happen. But they both do have the oil for it. Problem is a lot of corruption and nationalization risk makes it hard to attract investment.

  11. makati1 on Wed, 19th Dec 2018 10:16 pm 

    Cloggie, MOB is as brainwashed/deluded as Davy. He is scaremongering and denying. Nothing else. The World Island is moving forward as North America and its poodles move backwards.

    I include Canada in that as it is so far up the imperial ass that it cannot ever pull out before the collapse. Mexico has more freedom from the US than Canada.

    Its fun watching the Trumpet continually back down from all of his threats. He’s finding out that he cannot fire any country that he doesn’t like or cause the US economy to grow just because he says so. Even the Fed gave him the big one yesterday. LOL

  12. Anonymouse on Thu, 20th Dec 2018 12:00 am 

    ‘Mob’ IS Davyturd. There is a reason why they share so many delusions you know…..

  13. Go Speed Racer on Thu, 20th Dec 2018 12:00 am 

    The solution to Iran
    https://www.youtube.com/watch?v=AKPulvTrKr4
    from 1979

  14. Cloggie on Thu, 20th Dec 2018 12:18 am 

    WW1 & WWII and you have been nothing ever since.

    You are on the verge of nothingness yourself. Enjoy being a third world country. We’ll soon get rid of all Anglos and finally can do Europe right (PBM).

    And what have you been? You just piggy-backed on the Soviets (still proud of that alliance, eh?), for the rest you did not win any war at all. Got on the moon thanks to German engineering talent. They should have planted the Swastika flag there.lol

    https://tinyurl.com/y9uuhnnt

    And now you are about to fall over. By 202x there will be no such thing as the empire, all troops gone home and the US balkanized. And you will be a refugee in Italy, sliming to the folks there how much you love Europe, always have.lol

  15. Cloggie on Thu, 20th Dec 2018 12:24 am 

    Iran will soon have a friend puppet government!

    Like this?

    https://www.youtube.com/watch?v=jCxaFngWTXI

    LOL

    ‘Mob’ IS Davyturd. There is a reason why they share so many delusions you know…..

    He isn’t.

    And Mob does 95% of all the identity theft.

    Your favorite news site is fake news… Der Spiegel says top journalist faked stories for years

    I have no favorite news site, I hate them all, these imperial outlets. Btw, he got a CNN award.lol (4th from the left)

    https://edition.cnn.com/2014/03/28/europe/gallery/cnn-journalist-awards-2014/index.html

  16. Cloggie on Thu, 20th Dec 2018 12:37 am 

    And we won in Iraq and Libya. Look who controls their oil production..That is all we wanted.

    You do not control anything in Iraq, you fool. Maybe that a few US companies are hired for oil expertise, but that neocon idiot Wolfowitz with holes in his socks…

    https://www.youtube.com/watch?v=x_o6A2m8LO0

    … who claimed that the invasion would be paid for by Iraqi oil, got it all wrong.

    If Americans want Iraqi oil, they have to pay world market prices for it.

    Oh and the country is now a client state of Iran, just like Syria. And Libya is now somewhat European sphere of influence. The EU pays Libya to keep the darkies from crossing the Mediterranean, successfully.

    https://www.nytimes.com/2017/07/15/world/middleeast/iran-iraq-iranian-power.html

    “Iran Dominates in Iraq After U.S. ‘Handed the Country Over’”

    LOL

    Again my prediction: Iran and Turkey are going to team up and take over the Middle East and end two centuries of European/American colonialism. And that includes the end of an independent Israel. Palestine is going to be part of a neo-Ottoman empire, again. Secular Jews will go to Upstate New York as the this time really Final Solution of the JQ.

  17. Cloggie on Thu, 20th Dec 2018 12:41 am 

    More signs that the empire is losing strength:

    https://edition.cnn.com/2018/12/18/asia/japan-aircraft-carriers-intl/index.html

    “Japan to have first aircraft carriers since World War II”

    This is really big news. Japan fears the rising power of China and the declining power of the US and decides to take care of its own defense (not that I think that air-craft carriers are a good idea in the 21st century of hyper-sonic missiles).

  18. Cloggie on Thu, 20th Dec 2018 12:46 am 

    “Japan shrugs off constitutional concerns, but question remains: Are aircraft carriers necessary?”

    https://www.japantimes.co.jp/news/2018/12/19/national/japan-shrugs-off-aircraft-carrier-constitutional-concerns-question-remains-warships-necessary/#.XBs5u1xKiUk

    No, completely useless for defense. A few hyper-sonic missile batteries suffice for less than 1% of the price of a carrier. You can only use carriers to rape small countries. That’s why the US loves them… but has to pay 40% of its “defense” budget to keep them afloat.

    And now there is the New Silk Road project, creating huge new geopolitical facts, making Anglo navies largely superfluous.

  19. makati1 on Thu, 20th Dec 2018 12:56 am 

    Anon, if that is true, and I agree there are a lot of similarities, then Davy must not sleep much. About six hours a night max. Must be a side effect of his insanity. Chronic insomnia? Delusions of godhood? Fear of sleeping? It’s obvious he has no life if he is both characters. LOL

  20. makati1 on Thu, 20th Dec 2018 1:05 am 

    2019: “I’m looking forward to discovering how batshit crazy things can get…I have a feeling we ain’t seen nothing yet….Not that 2017 wasn’t already paranoid. It was. It was completely paranoid, and otherwise clinically batshit crazy. But 2018 has been batshit crazier.”

    http://www.unz.com/chopkins/the-year-of-putin-nazi-paranoia/

    Watching the show from the beach 8,000 miles away, and staying out of the chaos, is the smart thing to do. Anyone who can escape the West should do so now while you sill can. Soon, you may be able to leave but not take anything with you. Especially if you are an American.

  21. makati1 on Thu, 20th Dec 2018 1:28 am 

    Cloggie, you got that right. Carriers are very expensive coffins. $13 billion a pop and will last about one hour if they try to use them against Russia or China. They only work against 3rd world countries and soon even they will not be vulnerable as the missiles are sold for a few million each.

    The WW2 Germans had a nasty little tank killer that cost about $30 each and could take out a tank ($50,000 and up) at about 150 meters. (MP44 Panzerfaust)

    Tanks and Carriers are obsolete, but they still make them for profit, not practicality. You cannot become a general without a big army and you cannot become and admiral without lots of big ships. The US has 886 generals and admirals (2016). LOL

  22. I AM THE MOB on Thu, 20th Dec 2018 3:44 am 

    Clogg

    Iraq’s oil production has tripled since we took over..That is all we wanted to acomplish you nutter..And we split it up into tribal regions so they will all fight against each other and leave us alone (divide and conquer)

    Hope you are enjoying the migrants from Libya though.

    LMFAO!

  23. I AM THE MOB on Thu, 20th Dec 2018 3:47 am 

    Mak

    You thought China had one of the worlds lowest debts because you didn’t understand how they calculated it..You are so dense and naive..

    China has the worlds largest debt and are going to start running out of oil soon.

    The Chinese “economic miracle” is built on a mountain of debt. As Chinese GDP grew over 12-fold in 20 years to $12.24 trillion at the end of 2017, credit in the Chinese financial system grew over 40-fold, taking the debt-to-GDP ratio from 100% to 400%, if one counts the shadow banking system. Shadow banking credit aggregates are omitted from official statistics, but they add at a minimum 100% to the total debt to GDP ratio for China (see this Brookings Institution paper).
    https://www.marketwatch.com/story/chinas-coming-recession-has-pushed-oil-below-60-2018-11-13?link=sfmw_fb

    China central bank chief warns of ‘Minsky moment’
    https://www.ft.com/content/4bcb14c8-b4d2-11e7-a398-73d59db9e399

    China’s grand plan hit by delays and debt fears
    https://asia.nikkei.com/Spotlight/Cover-Story/Is-China-s-Belt-and-Road-working-A-progress-report-from-eight-countries

  24. I AM THE MOB on Thu, 20th Dec 2018 3:49 am 

    Lowering arms control threshold could lead to a global nuclear catastrophe – Putin

    https://www.rt.com/news/446946-lowering-arms-control-nuclear-catastrophe/?utm_source=browser&utm_medium=push_notifications&utm_campaign=push_notifications

    Don’ worry Putin we have missile shields up in Europe that can block anything you shoot..

    All we need now is a false flag! And then Mother Russia goes down for good once and for all! And we take the oil just like in Iraq and Libya!

  25. Shortend on Thu, 20th Dec 2018 4:28 am 

    Well, now ain’t that smart to advertise you hold all that oil and gas, hmm, another invasion coming from your Uncle Sammie.
    Boy, don’t these towel heads ever learn?

  26. I AM THE MOB on Thu, 20th Dec 2018 4:35 am 

    Clog

    German reporter stripped of CNN awards over fraud

    https://www.apnews.com/d2ad1e8eff4344728f120595eaf5ce7e?utm_medium=AP&utm_source=Twitter&utm_campaign=SocialFlow

    Your favorite news site is fake…This is why you should be open minded and not have a safe space..but you cant because you need a safe that supports your distorted worldview!

  27. Davy on Thu, 20th Dec 2018 5:10 am 

    “You are on the verge of nothingness yourself. Enjoy being a third world country. We’ll soon get rid of all Anglos and finally can do Europe right (PBM).”
    I do not deny our 3rd world status. We have always been 3rd world and 1st world. We are going back to more 3rd world and less 1st world just like you eurotard

    “And now you are about to fall over. By 202x there will be no such thing as the empire, all troops gone home and the US balkanized.”
    We are following you down neder. You are the one Balkanizing as we speak with demonstrations in the street

    “And you will be a refugee in Italy, sliming to the folks there how much you love Europe, always have.lol”
    My wife is Italian with more culture in here little finger than your dumb chauvinistic Dutch ass. Italy is wonderful and I may choose to live there but I doubt it. I like farming and the obstacles to doing this in Italy are so great that I could never do what I do here. Why do you think my Spanish daughter and Italian wife are here? Europe is a closed brittle society to many yet you act like it is so wonderful.

  28. Davy on Thu, 20th Dec 2018 5:12 am 

    “Mob’ IS Davyturd. There is a reason why they share so many delusions you know…..”

    The sock cop speaks in irrelevance. He has not said anything intelligent in months. Go back to your xbox fool.

  29. Davy on Thu, 20th Dec 2018 5:16 am 

    “And Mob does 95% of all the identity theft.”

    You liar!! You protect the board lunatic JuanP because he kisses your ass and gives you some cover through his harassment of me. You are as bad as billy makkie who whines about the identity theft and socks and supports and enables it. The both of you are disgusting people and ruining this board with bad behavior and proselytizing hate and resentment.

  30. Davy on Thu, 20th Dec 2018 5:19 am 

    “This is really big news. Japan fears the rising power of China and the declining power of the US and decides to take care of its own defense (not that I think that air-craft carriers are a good idea in the 21st century of hyper-sonic missiles).”

    If Russia or China sink a carrier the US will sink their Navies. What part of that don’t you and billy makkie understand? It is like using NUKS and their accelaration to MAD. The stupidity that peddles agendas??

  31. Davy on Thu, 20th Dec 2018 5:28 am 

    “Anon, if that is true, and I agree there are a lot of similarities, then Davy must not sleep much. About six hours a night max.”
    Billy makkie, for acting like I am nothing you sure spend an inordinate amount of time talking about me. I think I kicked you ass and you are whining. That is what I see.

    “Must be a side effect of his insanity. Chronic insomnia? Delusions of godhood? Fear of sleeping? It’s obvious he has no life if he is both characters. LOL”
    Grasping at straws there billy makkie, I get good sleep and have a good life. It shows with my comments when I am allowed to make them. Why do you think lunatic Juan is trying so hard to harass me? He lost and is beaten. Mental illness is with you JuanP, and anonymouse that preach hate and resentment. You do stupid group censorship session on those you don’t like. You guys are destroying the board but your gang is almost gone. This is why dirty juan has gone rouge and lawless, he is desperate. Anon is irrelevant doing his stupid sock cop nonsense. He has not had an intelligent comment in months. You say the same off topic shit you glean from the net endlessly and think you are intelligent. Anyone can be a google brat.

  32. Davy on Thu, 20th Dec 2018 5:31 am 

    “Watching the show from the beach 8,000 miles away, and staying out of the chaos, is the smart thing to do. Anyone who can escape the West should do so now while you sill can. Soon, you may be able to leave but not take anything with you. Especially if you are an American.”

    Billy makkie, Super Typhoons are coming your way. A hot house climate that will make life in the tropics dangerous. You country is 10 times over populated and imports food. If or when collapse comes you may be on a dinner plate. What a fruit cake you are and getting worse by the month. Age does these things.

  33. The Truth Shall Set You Free on Thu, 20th Dec 2018 5:56 am 

    ” Why do you think my Spanish daughter and Italian wife are here?”

    Interesting, in the past Davy always referred to his children being 1/2 grease ball pizza-niggers.

    And his wife is some dumb burnt pizza WOP mail order bride since no normal American woman would dare touch hum.

    Oh how the stories change based on the circumstances.

  34. JuanP on Thu, 20th Dec 2018 6:14 am 

    I am this “the truth shall set you free” and a lunatic

    The Truth Shall Set You Free on Thu, 20th Dec 2018 5:56 am

  35. Davy on Thu, 20th Dec 2018 6:23 am 

    JuanP, you are a failure. I have kicked your ass and all you have left is mindless harassment that I survive and now weaponized against you. There is only so much bad shit you can dream up. You have said everything imaginable. You have lied through your teeth. You are increasingly irrelevant because everyone knows it is you. You talk about your efforts and so does you buddy billy makkie. You can’t beat me even though you try so hard. You don’t even have a message anymore. When is the last time you said something intelligent under the JuanP handle? All you have is mental terrorist like activity of harassment efforts. You don’t even have a message behind that. You are not even man enough to face me as a person with your handle. You game and play and think you are cute. What you do is show your mental illness and personality disorders. You show the failure of your blind anti-American message. You have a mental block and now all you can do is beat your head against the wall in insanity. I am laughing now. You and your gang are soundly beaten. Where are they JuanP? Where is the message? All there is left is billy makatti and he is here less and less and when he is here then it is more about anger than a message. The harder you try to silence me the dumber you look.

  36. JuanP on Thu, 20th Dec 2018 8:57 am 

    It is quite obvious that Davy is experiencing another crisis today. I hope he dies or gets institutionalized before he hurts more people. One can’t help but wonder how many lives he has touched and made worse through the years. You are toxic, Davy, rotting in denial, hatred, anger, and resentment.

  37. Davy on Thu, 20th Dec 2018 9:05 am 

    what happen to “The Truth shall set you Free bullshit? What a lunatic! Did I slap you hard enough you had to use your real handle??? FAILURE, FRAUD, FREELOADER

  38. Anonymouse on Thu, 20th Dec 2018 9:48 am 

    The exceptionalturd is going full nutter (again). Wall-greens must have run out of his anti-pyhotic medicine, so we all know what this means everyone. Well be forced to listen to his rambling, disjointed declarations of victory for days on end now.

    Maybe you should find another pharmacy to keep you stocked up on nutter pills exceptionalturd. You’re bad enough when are medicated, when you go off the medicine, whether it is due to lack of money, or, just because you cant handle the thought of putting the internet down long enough to actually go and get your crazy pulls, the end result is (always) the same. An endless torrent of delusional diarrhea from you that really never ends. And its boring as shit too.

    You need to find something better to do with your time. Like, standing in your garbage dump of a yard, yelling at the top of your lungs at nothing. Or making little stick figurines out of bits of debris that litter your floor, that you can label ‘Mak’ or dirtyJuan, and stick pins in them. Something other than sitting on your lard ass, telling everyone on the internet, and by everyone I mean cloggenkike, how awesome you think you are.

    Dumbass

  39. Davy on Thu, 20th Dec 2018 10:19 am 

    Anon, obviously I slapped you good from the size of your whine. Anon, what people care about is not how big your whine is. They want an informative comment. Face it you don’t have any. You are irrelevant these days and a creep. Go slip on the ice and bust open your head you dumbshit Canadian.

  40. Davy on Thu, 20th Dec 2018 11:59 am 

    Sorry for losing my shit again everyone.

    I’m having an extra miserable day today.

  41. JuanP on Thu, 20th Dec 2018 12:25 pm 

    Sorry for losing my shit again everyone.

    I’m having an extra miserable day today.

  42. makati1 on Thu, 20th Dec 2018 12:29 pm 

    Juan, we have had enough of your shit here on this forum you obsessive compulsive lunatic. I hate Davy too but at least we don’t ruin the board in the process with useless identity theft and sock puppeteering. What is wrong with you? Do you have a brain? Can you debate Davy on issues? I am beginning to wonder.

  43. Anonymouse on Thu, 20th Dec 2018 12:29 pm 

    dito Mak, this is getting old.

  44. JuanP on Thu, 20th Dec 2018 12:31 pm 

    Sorry guys, I enjoy it like I enjoy raunchy porn. I am addicted and can’t stop. I feel filthy and worthless.

  45. Admin on Thu, 20th Dec 2018 12:51 pm 

    Are you enjoying yourself yet Davy?

  46. JuanP on Thu, 20th Dec 2018 1:24 pm 

    I am admin like I am Bony Joe and the truth will set you free. I am a loon most of all that is out of control and heading for a crash and burn.

  47. Admin on Thu, 20th Dec 2018 2:11 pm 

    “I am a loon most of all that is out of control and heading for a crash and burn.”

    You’re projecting again Davy.

  48. JuanP on Thu, 20th Dec 2018 3:07 pm 

    Will someone tell me why I am playing with the admin handle? Everyone knows it is me. I am just like a child playing hiding games. I am no longer an adult.

  49. Admin on Thu, 20th Dec 2018 3:34 pm 

    “Everyone knows it is me. I am just like a child playing hiding games.”

    You’re projecting again Davy.

  50. JuanP on Thu, 20th Dec 2018 3:46 pm 

    I got my GED I guess that qualifies me to be Admin.

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