A view of Iran's South Pars Gas and Oil Field[/caption]A senior Iranian oil industry official says the Islamic Republic has discovered a large gas field with 260 billion cubic feet (bcf) of in-place reserves in western Iran.
Managing Director of the National Iranian Oil Company (NIOC) Ahmad Qalebani announced on Wednesday that the gas field is located in Irans western province of Ilam, covering an area of 28x4 square kilometers in the eastern part of the province.
The newly-discovered field also holds nearly 175 bcf of recoverable gas, according to Qalebani.
The Iranian official further said that this is the first sweet gas field to be discovered at an altitude of 1,000 meters.
He described the discovery of this gas field as a great achievement in the country, saying it will have a positive impact on Irans oil industry despite US-led sanctions imposed on the Islamic Republic over its nuclear energy program.
Iran, which sits on the world's second largest natural gas reserves after Russia, is making efforts to up its gas production by increasing foreign and domestic investments, especially in South Pars Gas Field.
Irans giant offshore South Pars Gas Field, which is shared with Qatar, holds about 14 trillion cubic meters (tcm) of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.
By Press TV
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