By John Lee.
Bloomberg reports that Iran has discovered crude reserves near its western Yadavaran oil field along the border with Iraq.
Iran’s Oil Minister, Rostam Qasemi (pictured), said the discovery of the deposits will add as much as 6 billion barrels to Iran’s recoverable reserves.
The Yadavaran field, which the country shares with Iraq, is 70 kilometers (43 miles) southeast of the city of Ahvaz, Shana said.
(Sources: Bloomberg, Shana)