VOL. XXXII

NO. 12/13

26-DEC-1988/2 JAN1989

IRAN

New Oil and Gas Discoveries

Mr. Gholamreza Aghazadeh, the Iranian Petroleum Minister, announced on 18December that two new oil discoveries and one gas find have been made in Iran.Very heavy crude oil, ranging between 8 API in one area and 14-16 API inanother, was discovered in a 16-km. wide and 90-km. long area near the Mandmountain southeast of the port of Bushehr. Reserves are estimated at 10bnbarrels. Another field containing very light,...