Iran Sousangerd oilfield discovered 8.8 billion barrels of crude oil reserves

August 24, according to media reports in Tehran, Iranian Oil Minister Gholam Hussein Nozari said here today that Iran has received over the past five years, the largest oil discovery. Nozari said that Iran recently Sousangerd oilfield found in the four strata of 8.8 billion barrels of crude oil reserves.

Iran's IRNA news agency quoted Nozari as saying, Sousangerd oilfield 4 Ge formation the drilling operation has been successfully completed, the four strata are estimated to have 8.83 billion barrels of crude oil reserves. Iran's Oil Ministry will prepare a development plan in the near future, due to new discoveries near existing infrastructure, therefore, Nozari hope Sousangerd oilfield can be put into operation in the near future.

Aug. 25, 2009