Sunday, February 03, 2008

'Huge' gas field found off Iran

This should pretty much ensure the US won't leave the Mid-East any time soon and will probably attack Iran as well.

Note: For the casual reader, that's gas reserves and not oil reserves.
A gas field with huge reserves has been discovered in the Gulf off the coast of Iran, Gholam Hossein Nozari, the Iranian oil minister has said.

"A gas field with an estimated reserve of 11 trillion cubic feet (311 billion cubic metres) was found by an Indian company in the Persian Gulf," Nozari said on Saturday.

Something has bothered me. Perhaps you can help me understand. I find many pictures of oil well drilling operations and they're burning off the natural gas. Is that because there isn't enough there to bother with? In other words it isn't economical to capture it?




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