Middle East Economic Survey


No 7



Mirkazemi Announces Iranian Oil And Gas Finds

Iranian Minister of Petroleum Masoud Mirkazemi announced on 6 February that the National Iranian Oil Company (NIOC) has discovered an oil field in western Kermanshah province and a gas field in southern Fars province. The Somar oilfield is estimated to hold 475mn barrels of crude oil in place, of which more than 70mn barrels is recoverable. A reserves figure was not given for the Halegan gas...