Iran Can Produce Oil, Can for Another 100 years

The Head of the National Iranian Oil Company, Mohsen Khojasteh Mehr, revealed Iran's ability to produce oil and gas for the next 100 years.

"We have about 1,200 billion barrels of oil, gas, and condensate reserves that have not been extracted," Mohsen Khojasteh Mehr said.

He explained that Iran ranks first in the world in oil gas reserves, and it can continue production for the next 100 years as a minimum if its production level continues at the current situation.

The Head of the company added that if they wanted to continue producing, the only way is to invest in knowledge and scientific companies to support the oil and gas economy.

Contributed by Israa Farhan