Economic: first two concepts2. Geological: the third conceptC. Two common mistakes made in resource evaluation:1. Current Reserves â  Potential ReservesThe static reserve index is a commonly used measure of how long a resource basewill last.a. DEFINITION: The static reserve index is the ratio of current reservesto current consumption.
Geography of Iran. When Persia became Iran. This article is a part of Persia or Iran by Professor Ehsan Yarshater, published in Iranian Studies, Vol. XXII, No.1, 1989. In 1935 the Iranian government requested those countries which it had diplomatic relations with, to call Persia Iran, which is the name of the country in Persian.
Iran is the second largest OPEC producer and the fifth largest globally (after Russia, Saudi Arabia, the United States and China). Its oil sector is one of the oldest in the world. Production started in 1908 at the Masjid-i-Suleiman oil field. As a result, Iran has one of the worldâs most mature oil sectors.