Iran has discovered a new onshore gas field with 495 billion cubic metres of gas that it estimates is worth $133 billion, Deputy Oil Minister Ahmad Qalebani told a news conference on Monday.
The field, dubbed Madar, is east of the port city of Assalouyeh, Qalebani said. An estimated 80 percent of the gas is recoverable, he added.
'The estimate of gas condensates in the field is 1.5 billion barrels from which 658 million barrels are recoverable,' Qalebani told reporters at a press conference.
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