Azerbaijan, Baku, Feb. 27/ Trend F.Milad/
Iran will announce the details on the discovery of a new hydrocarbon field in the near future, the official with the National Iranian Oil Company stated.
The details may be announced by the end of the current calendar year (March 19), Mahmoud Mohaddes, the NIOC director for exploration affairs told Shana news agency on Monday.
Currently, Iran's developed oil reserves are estimated at 560 billion barrels, of which 140 billion barrels are recoverable, including 70 billion barrels of heavy and extra-heavy crudes.
Iran holds the world's third largest proven oil reserves and the second-largest natural gas reserves.
Iran maintains its crude oil production level in February despite the European Union's sanctions against the Islamic Republic's oil and banking sectors.
"The production for this month will be the same as the previous one, around 3.5 (million barrels per day)," Iran's OPEC governor Mohammad Ali Khatibi told Reuters on Thursday.
Khatibi reiterated that Iran has no problems in selling its oil to a market other than the EU, adding, "We still have customers, everything is normal."
Iran's Oil Ministry announced on February 19 that it had cut oil sales to British and French companies in response to an embargo by the EU on Iran's oil.
EU foreign ministers agreed to ban oil imports from Iran on January 23 and to freeze the assets of the Iranian Central Bank across the EU in a bid to pressure Iran over its nuclear program.