Iran says reserve discovered in Sea of Oman has 200 tcf of gas
A senior official from Iran's state oil company the NIOC says the gas field discovered n the Sea of Oman has an estimated 200 trillion cubic feet (5.66 trillion cubic meters) of natural gas.
NIOC’s head of exploration operations Mehdi Fakour said on Saturday that the company will release final estimates about the newly-discovered gas field in the Sea of Oman in April.
“Currently, a ship is collecting data in the region and we will be able to declare how much the amount of reserves could increase after initial information and studies are completed in April,” Fakour was quoted as saying by the semi-official ILNA news agency.
Iran currently sits on the second largest gas reserves in the world. The country is also the third largest global producer of natural gas after the United States and Russia with some 1 billion cubic meters per day of output.
Fakour said the National Iranian Oil Company will spend some $1.5 billion on exploration activities in offshore and onshore regions in the next seven years.
He said the company has also discovered a valuable shale oil reserve in western Loresatn province which he said has a very light grade of crude oil.
Iran starts imposing restrictions on gas supply to industries
Oil prices to fall after Israel’s limited attacks on Iran: Report
Nuclear industry: New arm of Iran’s thriving petroleum industry
Iran among top nuclear technology countries: AEOI chief
Democrats 'risk losing' election for backing Israeli war on Gaza, Lebanon: US journalist
Protesters remove busts of Israel's first president from Manchester Univ.
VIDEO | Hezbollah drones
US involvement in Israel’s 'regional war' unconstitutional, lawmakers tell Biden
107 years of Balfour Declaration that paved way for extermination of Palestinians
Hezbollah strikes Israeli military base near Tel Aviv
Palestinian media rights group condemns killing of two journalists by Israel
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
