Iran's oil minister says the country has discovered a huge natural-gas field in the Caspian Sea.
The Caspian Sea is the largest enclosed body of water on Earth by area, variously classed as the world's largest lake or a full-fledged sea. The sea has a surface area of 371,000 km2 and a volume of 78,200 km3. It is in an endorheic basin (it has no outflows) and is bounded to the north by Russia, to the south by Iran, western Azerbaijan, and eastern Kazakhstan and Turkmenistan.
The ministry's news website, shana.ir, quotes Rostam Qassemi as saying the field is located within Iran's maritime borders at a depth of 700 meters and contains an estimated 50 trillion cubic feet of gas.
Qassemi said Iran has 11 trillion cubic meters of proven gas reserves in the Caspian Sea, excluding the latest discovery.
Iran holds the world's second-largest natural-gas reserves, after Russia.
Most of its gas production is used domestically.
compiled from agency reports
... Payvand News - 03/25/16 ... --