10 January 2012
Discovery of Sardar Jangal new oilfield is a great development in Oil and Gas industry, said oil minister on Monday.

Rostam Qassemi made the remarks in a ceremony to launch Sardar Jangal Oil and Gas industrial complex in Roodsar in northern Gilan province, IRNA reported.

He said Iran will play a significant role in the region and world with the help of its youth and scientists while still suffering from western sanctions designed to stop Iran's development and progress.

He said that Iran is a rich geopolitical country with mines and hydrocarbon resources, adding Iran possesses more than 17 percent of the world's gas reserves and 12 percent of its oil reserve.

The oil minister said that the countries of the world are nowadays in need of sustainable energy supplies for national development while Iran possesses rich sustainable energy resources.

Qassemi noted much effort was made to discover oil and gas fields in the depth of the Caspian Sea and construct related platforms and supporting sites accordingly.

Sardar Jangal newly constructed oil and gas industrial complex rooms for 50 trillion cubic feet gas, ie. 10 times more than Shah Deniz gas field in Azerbaijan.

The field is also predicted to hold about eight billion barrels of oil reserve.

© Iran Daily 2012