reporters, Zangeneh said the oil was found at a depth of 3,770 meters in an
exploratory well and is very light and sweet.
is the first time we've reached oil in the Abadan region," the minister
said, adding more exploration activities were going on in the Minou Island
where the oil was discovered.
declined to announce Iran’s current oil production and export levels due to the
US sanctions on Tehran.
whether US waivers to a number of Iran’s oil buyers would continue, the
official said, “We shall wait.”