Iran discovers new oil, gas fields…

Iran has discovered a new oil layer and a gas field in locations in the center and southwest of the country, says the Iranian Oil Minister.

The new oil layer forms part of the Band-e-Karkheh oil field northwest of Ahvaz, capital of Iran’s oil-rich southwestern province of Khuzestan, said Gholam-Hossein Nozari on Saturday, on the sidelines of the International Oil, Gas and Petrochemistry Exhibition in Tehran.

Nozari said that the oil field’s estimated reserves increased to 4.5 billion barrels with the discovery of the new layer.

A gas field with an estimated reserve of 6 trillion cubic feet was also discovered in the central province of Fars, he added.
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