According to CoinMeta, Iranian Oil Minister Bijan Namdar Zanganeh announced on the 23rd local time that over 7.5 trillion cubic feet of natural gas reserves were discovered in a gas field in the southern part of Fars Province. It is estimated that about 5.7 trillion cubic feet of natural gas can be extracted, with a recovery rate of over 72%. He stated that this natural gas has "sweet gas" characteristics, which reduces development and extraction costs. In addition, Iran has also discovered large amounts of condensate oil, which is expected to bring hundreds of billions of dollars in new wealth to the country.