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Commodities Briefing - Categorized | Oil, Resources more

Iran discovers 6 bln barrels of new oil reserves

Posted on 04 July 2012

Oil Minister Rostam Qasemi has announced that oil reserves of up to 6 billion barrels have been discovered in southwest Iran. The reserves are located around the Yadavaran oilfield in Khuzestan province, Qasemi said.
“With this new discovery the volume of retrievable oil reserves in the country increased 5 to 6 billion barrels,” Shana news agency quoted Qasemi as saying………………………………………..Full Article: Source


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