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❗️Iran finds 212 billion cubic meters of gas in new field
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Iran has discovered more than 7.5 trillion cubic feet (212.4 billion cubic meters) of natural gas in a field in southern Fars Province, Oil Minister Mohsen Paknejad said.
Paknejad said that based on the estimated recovery rate, around 5,700 billion cubic feet of gas could be extracted from the field.
He said the field’s recoverable reserves are enough to supply one phase of the South Pars gas field for approximately 15 years.
Paknejad described the newly discovered resource as “sweet gas,” which he said would help lower development and operational costs.
The field also holds substantial quantities of gas condensates, which, alongside the value of its gas reserves, could create tens of billions of dollars in additional wealth for Iran, the minister said.
(Tasnim News Agency)