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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.
According to the official. NIOC exports 2 million barrels of crude oil per day on average. of which 40% are sold in European markets.
Referring to recent reports by the World Bank. he added that Iran is ranked fifth biggest hydrocarbon reserve holder in the world.
With global LPG demand growing and Iran emerging as a significant player in the industry. the conference provides an exclusive platform for industry experts to gain insight into market trends. explore opportunities and develop new ties to navigate the evolving landscape.
The conference has brought together local and international LPG producers. traders. marketing and distribution companies and shipping companies.
