Iran discovers gas field
December 12th, 2011 - 1:49 am ICT by IANSTehran, Dec 12 (IANS) Iran has discovered a gas field in the Caspian sea, Oil Minister Rostam Qasemi said Sunday.
The new reserve, located at a depth of 2,300 feet, is believed to be several times larger than the earlier ones discovered in the Caspian sea, Xinhua reported.
Iran’s Caspian sea gas reserves was previously estimated at 11 trillion cubic feet.
The country holds the world’s second largest natural gas reserves with about 29 trillion cubic meters after Russia.
Iran is unable to attract foreign investment to develop its gas fields due to the economic sanction from the western countries. The sanctions are aimed at pressing Iran to withdraw from its controversial nuclear program.
- Iran finds large gas deposit in Caspian Sea - Dec 11, 2011
- Iran finds new gas field - Aug 09, 2011
- Iran finds major helium reserve - Oct 01, 2011
- Iran to stop Europe oil exports - Feb 04, 2012
- 'Iran to stop oil exports to some EU members soon' - Jan 30, 2012
- 'EU ban to cause hefty economic loss to Europeans' - Jan 31, 2012
- China's to drill in South China Sea - May 07, 2012
- Turkish pipeline explosion halts gas exports from Iran - Aug 12, 2011
- New gas field found in Turkmenistan - Mar 10, 2012
- Beijing-Manila row over island - May 08, 2012
- Plot to kill Iran's supreme leader unearthed - Dec 11, 2011
- China to promote shale gas - Feb 13, 2012
- Pak-Iran gas pipeline project intact despite US sanctions, says envoy - Aug 16, 2010
- Bolivia plans $1.73 bn in energy investments in 2011 - Dec 27, 2010
- Ukraine firm to invest $1 bn in Iranian oil fields - Dec 26, 2011
Tags: caspian sea oil, cubic feet, cubic meters, economic sanction, foreign investment, iran, natural gas reserves, nuclear program, oil minister, rostam, russia, sanctions, several times, tehran, trillion, western countries, xinhua