Iran downgrades new oil find to just 2.2 billion accessible barrels
Monday, November 11, 2019 | Tag Cloud Tags: Hassan Rouhani, Iran, Israel, News, oil, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – Iran’s oil minister said Monday that an oil field whose discovery President Hassan Rouhani announced over the weekend adds only 22.2 billion barrels to the country’s estimated crude reserves.
Out of the amount at the site, only a tenth — 2.2 billion barrels — can be extracted due to technological limitations, Oil Minister Bijan Namdar Zanganeh told reporters in Tehran.
Rouhani on Sunday announced the discovery of a field containing 53 billion barrels of oil in the southwestern province of Khuzestan, saying it was a “small gift by the government to the people of Iran.” [ Source: Times of Israel (Read More…) ]
Latest Worthy News
U.S. Sends Nimitz, Destroyers, and Refueling Fleet Toward Middle East as Israel-Iran War Intensifies
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.