Iran discovers two new gas fields

In 2009, Iran's crude production stood approximately at 3.8 million barrels per day.

National Iranian Oil Company CEO Ahmad Ghalebani says two new natural gas fields have been discovered in the country.

Details on the discovery of these new gas fields will be announced by the Iranian oil minister on the anniversary of the 1979 Islamic Revolution, the top official was quoted by Mehr News Agency as saying on Tuesday. “Currently, a working group made up of experts from the National Iranian Oil Company and Oil Ministry's planning [department] have embarked on studying the oil and gas reserves of each one of the country's hydrocarbon fields,” Deputy Oil Minister Mohsen Khojasteh-Mehr said. The deputy oil minister also said that measuring new reserves in the oil and gas fields is carried out in accordance with Iran's latest scientific and technological achievements, adding that the final measurement on the total supplies of Iran's crude oil and natural gas reserves will be officially announced. 

Khojasteh-Mehr earlier announced that the country's hydrocarbon capacities are expected to grow due to the modern tactics employed in oil and gas explorations, highlighting the country's potential for discovering even more intact hydrocarbon reserves. 

Earlier this year, the National Iranian Oil Company announced it would explore for new oil and gas reserves in the next five years. 

According to the latest official statistics, Iran has 150.3 billion barrels of crude oil and 33.1 trillion cubic meters of natural gas. This is while five new gas and oil fields have been discovered in the Islamic Republic during the past year. 

Iran is OPEC's second-largest oil producer after Saudi Arabia. In 2009, Iran's crude production stood approximately at 3.8 million barrels per day. The Persian Gulf country sits on the world's second-largest gas reserves after Russia.