India, Aug. 23 -- Iran's Oil Minister, Mohsen Paknejad, has announced the discovery of over 7.5 trillion cubic feet of natural gas in a field located in the southern region of Fars Province. This new 7.5 trillion cubic feet (tcf) natural gas discovery in southern Fars Province marks a major milestone in Iran's exploration strategy. It follows recent exploration successes in the region, including the nearby Pazan field.

Iran's Oil Minister Announces Major Gas Discovery

The new field holds more than 7.5 trillion cubic feet (tcf) of natural gas in place. This major find closely follows initial exploration advancements at the Pazan field-which sits on the border of Fars and Bushehr provinces-where estimated total reserves reach up to 10 tcf...