Iran: Another Gas Field Discovered

A new gas field containing around 495 billion cubic meters of natural gas worth $133 billion has been discovered in eastern part of the Assaluyeh, managing director of the National Iranian Oil Company (NIOC), Ahmad Qalebani announced.

He went on to say that, over 80 percent of the new gas field reserve would be available, Iran’s SHANA news agency reported.

The new gas field, named Madar has reserves of 1573 million barrels of gas condensates.

“Iran discovered four gas fields in the last calendar year (ended on March 20, 2011) worth 179 billion dollars“, he said.

[mappress]
Source: NIGC, August 9, 2011;