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
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.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
