Iran has announced the discovery of a new field in the Gulf with giant gas reserves worth an estimated $50bn, Fars news agency has reported. The new 'Khaiyam' field, located to the East of the Assalouyeh region in Southern Iran, has 260 billion cubic meters of in-place gas reserves, oil minister Seyed Massoud Mir-Kazzemi said, adding that 80% of the gas reserves (210 bcm) of the field are considered recoverable. -
AME
