IRAN

 

Qasemi Says Caspian Gas Field Also Holds Light Oil

Iran’s Minister of Petroleum Rostam Qasemi announced on 17 May that appraisal of an oil layer in the Sardar-e-Jangal gas discovery in the Iranian sector of the the Caspian has shown that the field contains oil with a high API gravity rating. The field was discovered by Iran’s Khazar Exploration and Production Company (Kepco), and was said earlier by Mr Qasatemi to have estimated gas in place...