Iran Economy NewsIran discovers major natural gas reserves

Iran discovers major natural gas reserves

-

Reuters: Iran has discovered 2.19 trillion cubic feet of in-place natural gas reserves in the Islamic state’s northwest, an Iranian newspaper reported on Sunday.

TEHRAN June 20 (Reuters) – Iran has discovered 2.19 trillion cubic feet of in-place natural gas reserves in the Islamic state’s northwest, an Iranian newspaper reported on Sunday.

Kayhan daily quoted managing director Ahmad Qalebani of the National Iranian Oil Company as saying the discovery took place in the existing field of Toos.

The development of the new reserves would require the drilling of six wells, the report said.

Iran, a major crude exporter, sits on the world’s second-largest natural gas reserves after Russia, but sanctions that hinder access to Western technology and other factors have slowed its development as a major exporter.

(Reporting by Hashem Kalantari; Editing by Nick Macfie)

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

EU sanctions five Iranians over Saudi ambassador ‘plot’

AFP: The European Union on Friday targeted five Iranians...

Senior Iran cleric: How I sent my son to the firing squad

Iran Focus: Tehran, Iran, Jul. 24 – A senior...

You might also likeRELATED
Recommended to you