'Huge' gas field found off Iran

Indian company discovers field with estimated reserve of 11 trillion cubic feet.

    Gholam Hossein Nozari declined to give the name of the company that discovered the reserve [AFP]

    Iran has the world's second-largest proven gas reserves after Russia and it has ambitions to export gas to a host of countries including Armenia, Pakistan and Syria.
     
    However, it has failed to become a major international exporter because of a lack of foreign investment and slow progress in exploiting its fields.
     
    Despite its export plans, Iran had recently been forced to import gas from neighbouring Turkmenistan because of high domestic consumption.
     
    Iran's only gas exports are to Turkey which usually receives around 20 million cubic metres (700 million cubic feet) each day.
     
    In January however, Iran had to cut its exports to Turkey for three weeks due to the lack of gas from Turkmenistan and severe cold weather.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    From Cameroon to US-Mexico border: 'We saw corpses along the way'

    'We saw corpses along the way'

    Kombo Yannick is one of the many African asylum seekers braving the longer Latin America route to the US.