Iran has discovered large deposits of oil and gas

According to Oil Minister Massoud Mir-Kazemi Iran, the country has found a new oil and gas deposits. Moreover, oil and gas reserves are estimated at $ 85 billion. In particular, a new oil field Sumar contains 475 million barrels, of which 70 million could be recovered. With the price of oil at 70 dollars per barrel, roughly the price of oil at this field will be about $ 5 billion. Halgan gas field will produce 50 million cubic meters daily for 20 years. With the price of gas at $ 0.30 per cubic meter, the cost of inventory valued at $ 80 billion. Recall that Iran - the fifth-largest oil supplier, and its gas reserves - the second largest in the world after Russia.