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Iran unveils `vast' crude oil reserve in Caspian Sea

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  • Iran unveils `vast' crude oil reserve in Caspian Sea

    Iran unveils `vast' crude oil reserve in Caspian Sea

    14:14 10/05/2012 » Economy


    Iran discovered `vast' crude oil reserves in the Caspian Sea, Iranian
    MEHR news agency said. Iranian Oil Minister Rostam Ghasemi is reported
    to unveil details concerning discovery.

    Recently Iran has discovered a new gas field in the Caspian Sea,
    Iranian state run `IRNA' news agency reported. The discovered huge gas
    field contains an estimated 50 trillion cubic feet of gas. Iran's
    President has stated that the new reserve will improve Iran's role in
    the Caspian region and will change the region's political and energy
    balance.

    Related: Iran insists Azerbaijan owns no share in Caspian Sea revealed gas field
    http://panorama.am/en/society/2011/12/14/caspian-sea/?sw

    Source: Panorama.am

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