Iran Discovers Major Gas Field in Fars Province

Iran has discovered a gas field with reserves exceeding 200 billion cubic meters.

Consensus

• The discovery of a large gas field in Fars province, Iran, was announced by Minister of Oil Mohsen Paknejad.
• The gas field has reserves exceeding 212 billion cubic meters (7.5 trillion cubic feet).
• The discovery was announced during a ceremony on Sunday, related to the Government Day.
• The field is expected to support Iran's future energy needs and contribute to its energy exports.
• Iran continues to develop its energy sector despite international economic sanctions.

Points of divergence

• The extractable reserves are estimated at around 5.7 trillion cubic feet (161 billion cubic meters). — vedomosti
• The extractable reserves are estimated at 161 billion cubic meters, and the field could generate 'tens of billions of dollars' for Iran. — interfax
• The extractable reserves are projected to exceed 160 billion cubic meters, and the volume is equivalent to what one phase of South Pars could produce over 15 years. — vesti

Coverage (3 sources)

• Iran announced the discovery of a major gas field in the Fars province — Ведомости
• Iranian authorities reported discovery of major gas field — Интерфакс
• In Iran, a gas reserve of more than 200 billion cubic meters has been found — Вести

Key entities

• Iran
• Fars
• Moscow
• Mehran Paknejad
• INTERFAX.RU
• Al Jazeera
• Iranian
• IRNA
• Mehran Paknejad