New oil deposits discovered in Iran

New oil deposits discovered in Iran
# 22 January 2013 14:07 (UTC +04:00)

Baku. Konul Jafarli – APA. Iran will be able to produce significant amounts of oil for the next 140 years even without new discoveries, the deputy oil minister said, APA reports quoting IRIB.

Iranian Deputy Oil Minister Mohsen Khojasteh-Mehr said Iran discovered 14 billion barrels of crude oil during the first three quarters of the Persian year, which begins March 20.

"Even in the absence of new discoveries, Iran will be capable of producing oil for the next 140 years," he added.

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