An Iranian MP has asked the Oil Ministry to take measures to extract oil from shale resources in south-western Iran.
“Following the studies and notification of Iranian National Oil Company about the proven discovery of shale oil reserves in Qalikouh, Aligoudarz, we call on the Oil Ministry to take all necessary scientific and technical measures to reach the final decision to exploit the oil resources,” said Mohammad Khodabakhshi, an Iranian lawmaker.
“A large volume of high quality oil can be extracted from the shale,” he added, according to a Farsi report by ICANA.
“Due to the decrease in conventional oil resources in the world and the growing demand for energy, many countries are exploiting shale oil resources.”
“The extracted shale oil contains specific, strategic combinations not found in the conventional oil; this highly adds to its value.”
Aligoudarz is a town in western Iranian province Lorestan, adjacent to Isfahan and Khuzestan provinces.
An Iranian court has sentenced three individuals affiliated with Israel to death after they were…
Iranian Foreign Minister Seyed Abbas Araghchi has warned that Tehran will give a proper response…
A spokesperson for Iran’s Judiciary announced that Jamshid Sharmahd, leader of the “Tondar” terrorist group…
Israel's Prime Minister Benjamin Netanyahu has proposed offering Hamas “several million dollars” for each Israeli…
Israel’s military is facing a critical manpower problem as it runs short of thousands of…
Iranians residing in Europe have launched an online petition to protest the European Union and…