New shale oil deposits discovered in Iran TEHRAN.KAZINFORM-preliminary exploration operations have found oul shale deposits in southeastern.
Probable reserves of shale oil have been discovered in the southeastern Kerman and Semnan provinces, an informed source told official IRNA news angency on July 11.
Shale oil and gas reserves in Iran have not been yet measured exactly. Eacg barrel of shale oil costs about 40 to 80 U.S. dollar, while each barrel of crude oil cost 5 to 10 U.S. dollars. So Iran has not focused on producing shale oil and is merely discovering shale oil deposits across the country.
Once the seconf-largest producer in OPEC after Saudi Arabia, Iran's crude output has been reduced to about 2.8 million barrels a day, from 3.6 barrel per day in 2011, by EU and US sanctions.
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