Iran General NewsIran discovers new oilfield in southwest: minister

Iran discovers new oilfield in southwest: minister

-

ImageReuters: Iran has discovered an oilfield with estimated reserves of 750 million barrels within its southwestern Jofeir oilfield, Oil Minister Gholamhossein Nozari said on Saturday.

ImageTEHRAN (Reuters) – Iran has discovered an oilfield with estimated reserves of 750 million barrels within its southwestern Jofeir oilfield, Oil Minister Gholamhossein Nozari said on Saturday.

"We have done new drilling in Jofeir and have discovered a new oilfield with an in-place reserve of 750 million barrels," the oil ministry's news website SHANA quoted Nozari as saying.

Nozari said with the new discovery Jofeir's output would reach 33,000 barrels per day, from the 25,000 barrels previously reported.

OPEC member Iran has in the past put its oil reserves at 138 billion barrels.

Iran, the world's fourth largest crude oil exporter, said in September it had signed a $450 million contract with Belarus for Minsk to extract 40,000 barrels of oil per day from its Jofeir oilfield.

(Writing by Zahra Hosseinian; editing by David Stamp)

Latest news

Desperation and Unemployment Are Causing High Suicides Rates Among Youths in Iran

The sharp focus has recently been turned on Iran, once again, because of many bitter events. One such event...

Outcome of Iran Regime’s Corruption, High Number of Deaths in Natural Disasters

Sometimes numbers lose their mathematical meaning and become heralds of disasters. The number of 200 deaths in the village...

Iran Regime’s Oil Revenue Supports Terrorism

On August 2, John Kirby, the US National Security Council Coordinator for Strategic Communications at the White House, stated...

From Flash Floods to Socioeconomic Crises, Iran’s Regime Leaves Destruction in Its Wake

During the trial of Hamid Noury, one of the Iranian regime’s perpetrators in the 1988 massacre, the victims and...

Iran’s Regime Faces a Critical Infiltration Crisis

One of the main challenges faced by the Iranian regime over the past couple of years is the top-level...

Iran: The Unseen Threats of Reviving the JCPOA

In a recent announcement, the Iranian regime has admitted that is considering building a new ‘research reactor’ at its...

Must read

Four political prisoners on hunger strike in Iran

Iran Focus: Tehran, Iran, Sep. 11 – Two more...

Row over Iran UN pick not impacting nuclear talks: US

AFP - The United States' refusal to issue a visa...

You might also likeRELATED
Recommended to you