Iran discovers new oil field in Caspian Sea

Iran discovers new oil field in Caspian Sea

PanARMENIAN.Net - Iran has discovered a new oil layer with two million barrels of oil reserves in its territorial waters in the Caspian Sea, Managing-Director of Khazar Exploration and Production Company Ali Osouli announced.

“The newly found layer at the Sardar-e Jangal field contains quality crude that is hydrogen sulfide-free,” Osouli said.

Osouli added the off-shore field would produce some 8,000 barrels of oil per day, Fars News Agency reported.

 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---