Iran to Exploit Seven New Gas Reserves

Iran will look to explore seven new natural gas reserves in coming years in an effort to accelerate realization of 2025 Vision Plan, Managing Director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi said.

He said upon instruction of the oil minister and on the basis of the Sixth Development Plan, reserves which had previously been explored by the National Iranian Oil Company and for which there was no possibility of exploitation have been transferred to NIGC, IRNA reported.

So far seven reserves have been transferred to the oil ministry for study, adding that using the new reserves for increasing gas storage is among strategies of the minister which has been put on the agenda by NIGC, Araqi was quoted as saying by IRNA.

Operations have been launched on the explored wells and a number of reserves will become operational in the coming years, he said.