Addressing an upstream forum at the 3rd
Iranian Petroleum and Energy Club Congress and Exhibition in Tehran on
Wednesday, Director of Exploration at the National Iranian Oil Company (NIOC) Seyed
Saleh Hendi said demand for oil and gas will rise in the future given the fact that
consumption of oil is lowering in the world.
He said it is estimated that demand for
oil and gas will exceed their supply in the future, adding more exploration is
needed to address the flowing demand for oil and gas in the future.