Iran Finds ‘Vast’ Crude Oil Reserves in Caspian Sea, Mehr Says
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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.