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

Iran expects to find four new gas fields, Mehr reports

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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.

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