Bank Of Baku

Iran discovers gas field in Caspian Sea

Iran discovers gas field in Caspian Sea
# 12 December 2011 07:46 (UTC +04:00)
Rostam Qassemi says the field is located at a depth of 2,300 feet (700 meters) within Iran’s maritime borders.

Iran sits atop the world’s second largest proven reserves of natural gas and is the second largest OPEC oil producer. Most of its gas production is used domestically. The country relies on oil exports for about 80 percent of its public revenues.
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