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Commodities

Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure

Oilprice.com · 1h ago · 🇺🇸 United States

Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure

Iran has made a new gas discovery in the southern province of Fars, with the oil ministry reporting estimates of 7.5 trillion cubic feet of gas, of which 73% is recoverable, or 5.7 trillion cu ft. Iran has the world’s second-largest natural gas reserves, after Russia. “This amount of gas is equivalent to one block of South Pars, which can supply gas for 15 years,” oil minister Mohsen Paknejad said, as quoted by Iranian media. “This volume of gas has the special characteristic of being sweet, which reduces both development…

Read the full story at Oilprice.com →

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