13 Nov 2024
Monday 13 August 2018 - 15:32
Story Code : 315674

Caspian nations move to settle dispute on oil and gas reserves



The Wall Street Journal | Ann M. Simmons andBenoit Faucon: Leaders of five Caspian Sea nations signed an agreement that aims to settle a longstanding dispute over ownership of oil and gas reserves on the landlocked body of water.

Caspian reserves as of 2012 were estimated at 48 billion barrels of oil and 292 trillion cubic feet of natural gas, said the Energy Information Administration, a branch of the U.S. government, indicating thatSundaysdeal could trigger a surge in exploration and the construction of new pipelines.

Read more here

https://theiranproject.com/vdcfetdmjw6dyva.r7iw.html
Your Name
Your Email Address