Iran finds new gas reserves
Iran has discovered new reserves of natural gas, Iranian Central
Oilfields Company Managing Director Mehdi Fakour said, Trend news
agency reported referring to Mehr agency.
Without revealing any details, Fakour noted, that the reserves were
discovered in North-East of Iran.
He added that until September 2013, Iran will continue the
exploration study of the newly discovered resources.
According to BP's annual statistics, Iran's gas production
(excluding flared and recycled gas) in 2011 was 153.3bcm (some 420
mcm/d), while the consumption volume was 151.8bcm in 2011.
Iranian Deputy Oil Minister has said in December that the existing
crude oil and natural gas reserves in Iran are worth around $37
trillion. The reserves include 100 billion barrels of crude oil, 94
billion barrels of condensates, and 207 billion barrels equivalent
of natural gas, he said.
Iran's annual gas output has been projected to reach 1.4 billion
cubic meters by 2015.
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