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 IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices. Edmon Manukyan been addressed by the residents of Armavir and Aragatsotn provinces whose crops have been damaged over a strong hail. Partner news |