Iran Unveils Huge New Gas Discovery Amid US Economic Pressure

Iran Unveils Huge New Gas Discovery Amid US Economic Pressure Iran announced a huge new gas discovery in the southern province of Fars, with the oil ministry reporting estimates of 7.5 trillion cubic feet of gas, of which 73% is recoverable, or 5.7 trillion cu ft, OilPrice reported. Iran has the world’s second-largest natural gas reserves, after Russia. “This amount of gas is equivalent to one block of South Pars, which can supply gas for 15 years,” oil minister Mohsen Paknejad ...

By Tyler Durden