Iran unveils ‘vast’ crude oil reserve in Caspian Sea
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