Iran Economy News Iran expects to find four new gas fields, Mehr...

Iran expects to find four new gas fields, Mehr reports

-

Bloomberg: Iran expects to find four new gas fields before the end of March 2012 following exploration now being carried out, the state-run Mehr news agency said, citing National Iranian Oil Co.’s director for exploration, Mahmoud Mohaddes.

Bloomberg

By Ladane Nasseri

Iran expects to find four new gas fields before the end of March 2012 following exploration now being carried out, the state-run Mehr news agency said, citing National Iranian Oil Co.’s director for exploration, Mahmoud Mohaddes.

Iran recently discovered the Menar natural gas field located east of the southern port town of Assaluyeh, according to the Mehr report. The field holds 17.470 trillion cubic feet or 495 billion cubic meters of gas and some three fourth of it is recoverable, the report said.

Latest news

Iran: Four Protests in a Day

Iranian authorities’ mismanagement and failures placed workers in dire living conditions. In this respect, there has been no day...

Iran Diplomat Tried on Terrorism Charges in Europe

The Iranian government has tried everything to stop its agents from standing trial on terrorism charges in Europe, even...

Iran: 2021-22 Budget Bill and Economic Crisis

Iran is going through its worst economic crisis. A devaluation of the country's national currency, skyrocketing prices, low incomes, severe economic sanctions, and government mismanagement have overwhelmed...

U.S. Treasury Sanctions Iran’s Mostazafan Foundation

On Wednesday, the Office of Foreign Assets Control (OFAC) inside the U.S. Treasury issued sanctions against Iran’s Islamic Revolution...

Iran’s Economy Suffers from State-Backed Mafia, Not Sanctions

In Iran, President Hassan Rouhani and allies attribute the country's economic dilemmas to sanctions. However, economists and experts believe...

Nurses in Iran Are Overworked, Underpaid, and Getting Sick

The coronavirus pandemic has been a living nightmare for many countries, with governments across the world forced to look...

Must read

Iran opposition leaders barred from travel abroad

AP: Iran's opposition leaders are barred from leaving the...

Obama makes case for Syria strikes to skeptical public

Bloomberg: President Barack Obama intensified his campaign to persuade...

You might also likeRELATED
Recommended to you