Tuesday, July 22, 2008

Iran discovers oil field

This news story ties in nicely with the interview and article I posted yesterday.

"Iran has discovered an oil field with in-place reserves of 525 million barrels, Oil Minister Gholamhossein Nozari was quoted as saying on Sunday.

The discovery was made near the southern port city of Assaluyeh, state broadcaster IRIB said, without giving further details.

"A few other oil fields have also been discovered about which the public will be informed in the coming weeks," Nozari said.

It came a week after Nozari announced the discovery of an oil field holding an estimated 233 million barrels of recoverable sweet oil and in-place reserves of 1.1 billion barrels in the oil-rich southwestern province of Khuzestan."

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