Business | Oil & Gas

Iran discovers new oilfield in southwest

Iran has discovered an oilfield with estimated reserves of 750 million barrels within its southwest Jofeir oilfield, Oil Minister Gholamhossein Nozari said on Saturday.

  • Agencies
  • Published: 15:50 June 14, 2008
  • Gulf News

Tehran: Iran has discovered an oilfield with estimated reserves of 750 million barrels within its southwest Jofeir oilfield, Oil Minister Gholamhossein Nozari said on Saturday.

The Shana news website quoted Nozari as saying that Iran's new discovery would boost Jofeir's oil output to 33,000 barrels per day.

Iran is the world's fourth largest crude oil exporter.


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