ID :
13546
Wed, 07/23/2008 - 12:35
Auther :
Shortlink :
http://m.oananews.org//node/13546
The shortlink copeid
New oil field discovered in southern Iran
Tehran, July 23, IRNA - A new oil field was discovered in the city of Abadan in the Persian Gulf province of Khuzestan, Minister of Oil Gholam-Hossein Nozari said on Tuesday.
He made the announcement on the sidelines of a national seminar onpetrochemicals in Tehran.
According to Nozari, the deposited oil in the new oil field, 'Arvand,'is estimated as 500 million barrels.
Iran sits on the world's second largest proven oil reserves worldwideand is the number four crude producer and the second in the OPEC.
It also has the second biggest proven global gas reserves after Russiabut so far has played only a minor role on the gas export market.
He made the announcement on the sidelines of a national seminar onpetrochemicals in Tehran.
According to Nozari, the deposited oil in the new oil field, 'Arvand,'is estimated as 500 million barrels.
Iran sits on the world's second largest proven oil reserves worldwideand is the number four crude producer and the second in the OPEC.
It also has the second biggest proven global gas reserves after Russiabut so far has played only a minor role on the gas export market.
