Mon, 05 Mar 2012 09:11:01 GMT
Iran discovered large crude oil reserves
Iran discovered one of the largest oil fields in southern province, reported Mehr. According to preliminary estimations, the oil field has the largest reserves of the high quality crude oil. Officials from the Oil Ministry has not yet provided any comments about discovery. Currently, light, sweet crude oil futures for April delivery traded at 107.17 US Dollars per barrel on