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.
In 1908, Iran was the first country in the Persian Gulf to discover oil. Petroleum has been the primary industry in Iran since the 1920s. Despite Tehranâs attempts to diversify the economy, the oil and gas industry is still the critical engine of economic growth.