IRAN: Caspian Sea Resources

APS Review Gas Market Trends | May 18, 1992 | Copyright

A few days after Oil Minister Aqazadeh's comments regarding South Pars, President Rafsanjani announced the discovery of new gas reserves in the southern Caspian Sea, adjacent to fields projected for development by the Central Asian republic of Turkmenistan. He said the discovery would raise Iran's total official gas reserves by 25%, to 25 trillion cubic metres.

Exploration and development of gas resources at a more rapid pace than in the past decade is a key element of Tehran's strategy for this sector. The best prospects for early development are in Pars, which is an ...

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