00:00Iran says it has discovered more than 7.5 trillion cubic feet of natural gas in South Farz province.
00:06The oil minister says about 5.7 trillion cubic feet could be recovered,
00:11enough to supply one phase of the giant South Farz field for around 15 years.
00:17By God's grace, we are able to add to the country's national wealth
00:21by discovering vast gas reserves in a field in the south of Farz province.
00:28The minister added that the field could generate tens of billions of dollars
00:33as Iran faces growing pressure on energy exports amid U.S. naval blockade restricting oil shipments.
00:40Fortunately, this enormous volume of gas has particularly important characteristics.
00:45It is what we call sweet gas.
00:47Because the gas is sweet, it helps bring down development costs
00:51and the cost of production and operation.
00:56Iran has not yet disclosed the field's name or when production could begin.
01:01For now, officials are presenting the discovery as a major addition to the country's energy reserve
01:06amid an intensifying confrontation with Washington.
01:10For now, officials are happy with us.
