Iran Discovers Untapped Oil Reserves Amid US Sanctions - Petroleum Minister
Iran Discovers Untapped Oil Reserves Amid US Sanctions - Petroleum Minister
The discovery comes as Iran has been exploring new crude oil extraction opportunities, while facing severe restrictions on its ability to trade in the global... 27.01.2019, Sputnik International
See how USA sanction are crippling countries economies and that should it be declared by the useless UN as an act of war. Many people suffers because these sanctions. These type of actions from the USA are wars without bullets. So how the western politicians can be so cretins to visualize this type of tragedy. This type of war is a business war where oligarch buy or put money into war conflicts to profit after the country has been brought onto its knees. The Zionist oligarchs are the first to invest money in economical wars with the foresight that after the country fall (almost certain if the USA support it) will get his/her money back with plenty of profit in the way. This is the destine of Venezuela if the Russian or China allow that.
The discovery comes as Iran has been exploring new crude oil extraction opportunities, while facing severe restrictions on its ability to trade in the global energy market due to sanctions re-imposed by United States President Donald Trump in November 2018.
The National Iranian Oil Company (NIOC) found untapped light sweet crude oil near the city of Abadan, Bijan Zanganeh, the country's petroleum minister, has announced.
"This is the very first time we've gotten to crude oil inside the Abadan location," Zanganeh said.
The announcement comes after earlier this month the International Energy Agency (IEA) presented a report in which it stated that oil production in Iran, constrained by US sanctions, dropped by 520,000 barrels per day (bpd) in December, down from 2.8 million bpd in October.
In November last year, US President Donald Trump introduced a package of restrictive measures targeting Iran's oil exports. Despite the sanctions, Iran has continued its oil exploration efforts.
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Tony Rossini
