Iran discovers new oil field in Caspian Sea![]() July 17, 2012 - 11:28 AMT 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. Partner news Dwelling on Armenian government’s lawsuit against the airline company, Andranik Shkhyan said the airport is ready to join the initiative. Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Partner news |