Southwestern and central regions of Iran to discover new oil and gas resources

According to foreign media on April 26 in Tehran, Iran News on April 25 television quoted Iranian Oil Minister Gholam Hussein Nozari as saying that Iran in the country's south-west and central regions, respectively, found a reservoir and a new natural gas fields.

Nozari said, the new composition of the reservoir is located in a huge oil reserves of Iran Khuzestan province northwest of Ahwaz, capital of Band-e-Karkheh part of oil field. Since the discovery of new oil, Band-e-Karkheh oilfield estimated oil reserves to 45 billion barrels. In Fars Province, Iran, Central and France newly discovered gas fields estimated to have reserves of 169.8 billion cubic meters of natural gas.

According to the U.S., "Oil and Gas Journal" said, in January 2009 to date, Iran's estimated 1362 billion barrels of proven oil reserves, a figure about the world's total proven oil reserves of 10%. Iran in 2008 proved natural gas reserves estimated at 26.8 trillion cubic meters, second only to Russia as the world No. 2 has a large natural gas reserves country.

Source: www.in-en.com May. 1, 2009