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5 new gas, oil fields discovered in Iran

Source: Mehr News Agency, Tehran

Iran has discovered 5 new oil and gas fields which hold over 500 million barrels of oil and 5 trillion cubic feet of gas, the exploration director of National Iranian Oil Company announced in Tehran on Monday. He did not give any further details.

Iran also announced in January that a new gas field has been discovered with considerable deposits of natural gas and gas condensates.

During the past 12 months, 6 oil and gas fields have been discovered in Iran which has reassessed the country's oil and gas reserves.

Iran boasts the world's second-largest natural gas reserves after Russia. Iran is also the world's third-largest oil producer.

... Payvand News - 05/16/11 ... --

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