Iran discovers oil in Abadan region: minister

TEHRAN (NIOCEXP) _ Iran has discovered oil in the southwestern Abadan region for the first time, Oil Minister Bijan Zanganeh said on Wednesday.

The oil was found at a depth of 3,570 meters in an exploratory well and is “very light and sweet”, Zanganeh reportedly said.

 “This is the first time we’ve reached oil in the Abadan region,” the minister was quoted as saying.

Zanganeh gave no estimate of how much oil the well might contain.