Iran General NewsIran finds ‘vast’ crude oil reserves in Caspian Sea,...

Iran finds ‘vast’ crude oil reserves in Caspian Sea, Mehr says

May 10, 2012

Bloomberg: Iran discovered “vast” crude oil reserves in the Caspian Sea, the state-run Mehr news agency reported, without citing anyone.
Bloomberg

By Ladane Nasseri

Iran discovered “vast” crude oil reserves in the Caspian Sea, the state-run Mehr news agency reported, without citing anyone.

The National Iranian Oil Co. found the reserves after completing part of its exploration studies of the Sardar Jangal natural-gas field in the Caspian, the agency said. The Oil Ministry will announce details of the new oil field soon, according to Mehr.

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