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Iran discovers new oil field in Caspian Sea

Iran discovers new oil field in Caspian Sea

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.

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