Bank Of Baku

Iran finds ‘One of the Biggest’ gas fields

Iran finds ‘One of the Biggest’ gas fields
# 30 April 2012 08:47 (UTC +04:00)
Baku. Konul Jafarli - APA. Iran discovered “one of the biggest natural gas fields in the Middle East,” with reserves comparable to those of the South Pars field, APA reported quoting IRIB.

The gas was found in southwestern Khuzestan province at a deposit already known to contain crude oil, said National Iranian Oil Co. Director for Exploration Mahmoud Mohaddes, according to the state-run news agency. A 5000-meter (16,400- foot) well will be drilled “soon” to collect further information, he said.

South Pars, the world’s largest proved gas deposit, is shared between Iran and Qatar. Iran holds the world’s second- largest gas reserves, with 29.6 trillion cubic meters, according to the BP Statistical Review of World Energy in June 2011. Russia has the biggest reserves of the fuel, BP data show.
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