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Iran unveils multiple oil and gas finds, with potential 2.6 billion barrels of reserves - Upstream Online

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Four new oil and gas discoveries unveiled by Iran with potential 2.6 billion barrels of reserves | Upstream Online

Iran has unveiled at least four new oil and gas discoveries, with the four finds together expected to hold reserves of 2.6 billion barrels of oil equivalent.

Iranian Petroleum Minister Javad Owji made the announcement on the sidelines of a Cabinet session and noted that the finds include the Cheshm-e-Shoor gas field in Khorasan Razavi province, the Ilkan oilfield in Golestan province, and the Tangu and Gonaveh oilfields in Bushehr province, according to Iran’s Mehr News Agency.

Owji stated that the fields host sizeable recoverable reserves estimated at around 2.6 billion barrels of oil equivalent in total.

No further details on the four discoveries were shared by Owji.

Iran’s oil production increased to 3.15 million barrels per day in August, the highest since 2018, even as the country navigates US sanctions.

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