Iran has discovered more than 7.5 trillion cubic feet (tcf) of natural gas in the southern province of Fars, Oil Minister Mohsen Paknejad claimed on state television, Bloomberg reported.
The announcement comes after months of conflict involving the US and Israel, which has severely affected Iran's energy infrastructure.
Of the estimated reserves, Paknejad said that around 5.7tcf of gas is thought to be recoverable.
The minister compared the potential output to 15 years' worth of production from one phase of the South Pars field, which is jointly operated by Iran and Qatar and recognised as the world's largest gas field.
The discovery also includes quantities of gas condensates, which Paknejad valued in the "tens of billions of dollars".
#paknejad #Iran #field #Israel
The announcement comes after months of conflict involving the US and Israel, which has severely affected Iran's energy infrastructure.
Of the estimated reserves, Paknejad said that around 5.7tcf of gas is thought to be recoverable.
The minister compared the potential output to 15 years' worth of production from one phase of the South Pars field, which is jointly operated by Iran and Qatar and recognised as the world's largest gas field.
The discovery also includes quantities of gas condensates, which Paknejad valued in the "tens of billions of dollars".
#paknejad #Iran #field #Israel
2 months ago
