A senior authorities from Iran’s state oil company the NIOC claims the gas area found n the Sea of Oman has actually an estimated 200 trillion cubic feet (5.66 trillion cubic meters) of gas.
NIOC’s head of exploration operations Mehdi Fakour stated on Saturday that the firm will launch final quotes concerning the newly-discovered gas area in the Sea of Oman in April.
“Presently, a ship is collecting data in the area and also we will certainly be able to proclaim just how much the amount of books might increase after initial details as well as studies are completed in April,” Fakour was estimated as stating by the semi-official ILNA news firm.
Iran presently remains on the second largest gas gets in the world. The nation is also the third largest global manufacturer of gas after the USA and also Russia with some 1 billion cubic meters per day of output.
Fakour claimed the National Iranian Oil Firm will spend some $1.5 billion on exploration activities in offshore as well as onshore regions in the next seven years.
He stated the business has actually likewise found an important shale oil book in western Loresatn province which he said has a very light quality of petroleum.
Last Updated: 13 March 2023
