Iran Boosts Natural Gas Reserves with New Discovery

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Iran claims a new natural gas discovery would add an estimated 10 trillion cubic feet to its gas reserves and could help offset an expected energy imbalance. Iran has discovered significant gas and oil reserves at the Pazan field in the southern part of the Fars province, Iranian Oil Minister Mohsen Paknejad said on Monday. “Exploration efforts in the Pazan field, in southern Fars Province and extending toward northern Bushehr, have led to this important discovery,” Shana, the news service of Iran’s oil ministry, quoted the minister…