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Iran discovers 4 new oil, gas fields in 2 yrs: Minister

04 Oct 2023
World
Iran discovers 4 new oil, gas fields in 2 yrs: Minister
Owji revealed during a cabinet meeting in Tehran that the newly discovered fields hold recoverable reserves, which refer to oil and gas reserves that are economically and technically feasible to extract at the existing price of oil, amounting to 2.6 billion barrels, according to the Iranian Students' News Agency.He said on Wednesday that the new fields included Cheshmehshour gas field in the northeastern Khorasan Razavi province, the Hirkan oilfield in the northern province of Golestan, and the Tengoo and Genaveh oilfields in the southern province of Bushehr, Xinhua news agency reported.The Minister added "Iran ranks first in terms of hydrocarbon explorations among regional countries".According to a January report by the Energy Information Administration affiliated with the US Department of Energy, Iran sits on the world's third-largest oil and second-largest gas reserves respectively.--IANSint/khz

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)