Iran Press/ Iran news: The enemies of the Iranian people, since the victory of the Islamic Revolution, have always sought to hit the country's economy by imposing oppressive sanctions. Therefore, the indigenization of equipment has always been a concern of the Iranian oil industry, and after 43 years following the victory of the Islamic Revolution, this industry has reached 85% self-sufficiency in manufacturing equipment required by the oil, gas and petrochemical industry.
85% self-sufficiency in manufacturing equipment required by Iran's oil, gas and petrochemical industry has caused the Islamic Republic to have a significant trend in the export of these products.
Iran's oil and gas reserves estimated at 1.2 trillion barrels
Mohsen Khojasteh-Mehr, CEO of the National Iranian Oil Company, noting that Iran has over 1,200 billion barrels of crude oil equivalent underground, added that Iran ranks first in the world in terms of oil and gas, which is an economic authority and among the components of economic power and authority of the country.
Khojasteh-Mehr stated that Iran's extractable oil reserves based on the recovery factor were about 157 billion barrels and Iran's gas reserves were about 33 trillion cubic meters, but in terms of oil and gas was about 330 trillion cubic meters.
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