Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Iran claims new oil deal with Ukraine

February 22, 2012 by  

TEHRAN, Feb. 22 (UPI) — Iranian and Ukrainian entities are investing around $800 million to develop three oil fields in Iranian territory, an Iranian energy official said.

Ahmad Qalebani, managing director of the National Iranian Oil Co., said a consortium of Iranian and Ukrainian oil companies signed a deal to develop the Kouhmond, Kouhkaki and Boushkan oil fields in Iran, the semiofficial Fars News Agency reports.

Combined, the three oil fields hold an estimated 2.1 billion barrels of oil, the report said. The first phase of operations could produce around 11,000 bpd but would double after the second phase is completed. The report didn’t provide a timeline for operations.

Iran has some of the largest oil and natural gas deposits in the world though major energy companies are reluctant to work in the country because of pressure from Western economic sanctions.

Tehran has brushed off most of the economic pressure by saying it would have no problems finding alternative customers. Some countries are seeking exemptions from the aspects of economic sanctions targeting financial transactions with Iran.

Spencer Cameron

Facebook Conversations

Join the Discussion:
View Comments to “Iran claims new oil deal with Ukraine”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.