Giantkebab@giantkebab

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The Iranian Oil Minister announced a gas discovery in southern Fars exceeding 7.5 trillion cubic feet (TCF). With a recovery rate above 72%, roughly 5.7 TCF is expected to be recovered. This volume equals the output of one South Pars phase over 15 years. The find includes large volumes of condensates alongside sweet gas that lowers development and production costs. These resources generate tens of billions of dollars in new value for Iran. Officials plan to execute development operations quickly to add capacity to the national grid.

2w

Giantkebab@giantkebab

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The Iranian Oil Minister announced a gas discovery in southern Fars exceeding 7.5 trillion cubic feet (TCF). With a recovery rate above 72%, roughly 5.7 TCF is expected to be recovered. This volume equals the output of one South Pars phase over 15 years. The find includes large volumes of condensates alongside sweet gas that lowers development and production costs. These resources generate tens of billions of dollars in new value for Iran. Officials plan to execute development operations quickly to add capacity to the national grid.

2w