Middle East Economic Survey
Nozari Announces Largest Oil Find In Five Years, At Susangerd
Irans Minister of Petroleum Gholamhossein Nozari announced on 24 August that the National Iranian Oil Company (NIOC) has made its largest oil discovery in five years in the Susangerd field in Khuzestan province. He said that preliminary estimates show that Susangerd could have more than 8.83bn barrels of oil in place in the Ilam, Sarvak, Gadvan and Fahliyan formations. The...