Iran discovers "huge" natural gas field
Azerbaijan, Baku, April 29/Trend M. Moezzi
Iran has discovered one of the Middle East's biggest gas fields in Khuzestan Province, Mehr News Agency reported.
According to the report, while natural gas exploration operations have not yielded good results for many of its neighbors like the UAE, Saudi Arabia, Kuwait and Oman, they have been positive for Iran.
Last year (Iran's solar year ended on March 19), three new fields and reservoir layers of natural gas were discovered in Iran adding more than 847 billion cubic meters to its holdings.
Now, exploration wells drilled at one of Iran's large oil fields in the Khuzestan Province show huge reserves of natural gas in the Jurassic layer.
The exact volume of natural gas reserve in mentioned new gas field is not disclosed, but Mehr reported that according this Agency's investigations, the field is approximately as huge as South Pars gas field.
The South Pars gas field is shared by Iran and Qatar.
The Iranian share which is divided into 29 phases has about 14 trillion cubic meters of gas, or about eight per cent of the total world reserves and more than 18 billion barrels of liquefied natural gas resources.