Iranian authorities estimated upstream oil reconstruction, combining past expenditure and future requirements, at 795,500 million rials and $18,999 million. The report covered southern fields, northern fields and offshore operations.
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What did the upstream reconstruction estimate combine?
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Explanation
The estimate covered production operations and both past and projected reconstruction costs.
The upstream reconstruction estimate combined past spending with projected future needs.
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Explanation
Iranian authorities estimated upstream oil reconstruction, combining past expenditure and future requirements, at 795,500 million rials and $18,999 million. The report covered southern fields, northern fields and offshore operations.