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Iran Finds New Gas Field


Iran has the world's second-largest gas reserves

Iran has the world's second-largest gas reserves

Iran says it has discovered a new onshore gas field with reserves valued at $50 billion.

Oil Minister Masoud Mirkazemi told reporters on January 16 that the Khayam field east of Assaluyeh on the Persian Gulf has 260 billion cubic meters of gas, of which 210 billion can be exploited.

Iran is OPEC's second-largest crude oil exporter and holds the world's second-largest gas reserves after Russia.

compiled from agency reports
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