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New oilfield discovered in Iran

Press TV
Monday Aug 6, 2007

A senior official at the Ministry of Oil has said that Iran has discovered a new major oil field in the central parts of the country.

Iranian officials are slated to release more details on the discovery of a new major oil field in the central parts of the country.

"High-ranking officials at the Ministry of Oil will soon announce details of the discovery," an informed source told Farsnews on Monday.

Previously, in another interview with the Fars News Agency the Oil Minister, Seyyed Kazem Vaziri-Hamaneh promised to announce a surprising piece of oil news this Wednesday.

Iran has the world's second largest proven oil reserves after Saudi Arabia and the second biggest natural gas reserves after Russia. Iran's geo-strategic position and its already developed network of pipelines make it a key factor in the world's energy markets.

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