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New Caspian Gas Field Boosting Growth in North Iran

Source: www.gulfoilandgas.com 1/10/2012, Location: Asia

Discovery of Sardare Jangal gas field in Caspian Sea and setting up it logistics site in Roudsar city in Gilan Province north of Iran will lead to industrial development of Iranís Northern provinces, Iranian minister of petroleum, Rostam Qasemi announced.

He went on to say that, the other point regarding discovery of Sardare Jangle gas field was our specialistsí access to know-how and technology of drilling in deep waters which a few countries have access to it, Iran's SHANA news agency reported.

With pointing to the existence of 17 percent of world gas reserves and 12 percent of oil reserves in Iran, he noted that world seeks diversification of energy resources and Iran with huge potentials can be a proper source of meeting energy needs.

As an independent gas field, Sardare Jangle gas field reserves are estimated at 50 trillion cubic feet, which increases Iranian gas reserves in the sea, by at least five fold.

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