Oil Minister Mohsen Paknejad noted that approximately 73% of the find is recoverable, describing the gas as "sweet," a quality that significantly lowers both development and long-term operating costs. According to Paknejad, the volume is comparable to a single block of the massive South Pars field and could provide a stable supply for 15 years. This discovery provides a strategic buffer while the nation grapples with the fallout of recent military strikes on its primary infrastructure.
Iran Claims Major Gas Find as Economic Pressure Mounts
Deep in the southern province of Fars, Iran has uncovered a gas reservoir containing 7.5 trillion cubic feet of reserves. This discovery, announced by the oil ministry, arrives just as Washington signals an intent to escalate financial warfare against Tehran, casting a long shadow over the country’s energy ambitions.
Simultaneously, state engineers are racing to restore production at South Pars, the world’s largest gas field. Officials confirmed that 70% of operations are back online following damage sustained during recent conflict. Full reconstruction is projected to take up to three years, though the operating company is currently testing alternative methods to accelerate the timeline for specific processing trains. The urgency is underscored by the looming threat of new U.S. sanctions, with Treasury Secretary Scott Bessent recently promising an unprecedented financial offensive against the Iranian economy.
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