Iran finds massive crude deposit

Gulf News reported that Iran has explored a layer of 34 billion barrels of crude under an offshore gas field in the Gulf.

Mr Ali Vakili MD of Iran's Pars Oil and Gas Company said that the layer was one of the biggest in the Islamic state. It is located under our Ferdowsi gas field in the Gulf. Drilling of appraisal well is going on to complete the assessments.

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