May 10 2012
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Iran discovers big oil field in Caspian Sea
Iran has discovered a big oil field on its part of the Caspian Sea, Mehr reported.
Early reports indicate that the newly discovered oil field contans from 8 to 10 billion barrels of oil. Iran's oil minister Rostam Qasemi will reportedly make an official announcement on this discovery later.
In 2011, Iran discovered a natural gas field with a reserve of about 50 trillion cubic feet in its territorial waters of the Caspian Sea.
Iran launched first drilling platform the Amir Kabir, former Iran-Alborz in the Caspian Sea in 2009. The platform was constructed by Sedra company in the Neka coast.
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