Iran announces major gas discovery with 5.7 trillion cubic feet of recoverable reserves

Published Aug 23, 10:34 PM UTC

Iran announced a significant natural gas discovery in its southern Fars province, with approximately 5.7 trillion cubic feet of recoverable reserves, according to the country's oil minister. The discovery also includes gas condensates valued at 'tens of billions of dollars'. The announcement comes as ongoing regional conflict exacerbates Iran's energy squeeze, highlighting the strategic importance of the find for the country's energy security and economic resilience.