Islamic Republic of Iran has officially begun producing crude oil from the hengam oil field shared with oman in the persian gulf. Discovered in 1975 the field has around 600,000,000 barrels of proven oil reserves. Press tv reports that all aspects of the [$400 million] project, including field studies, design, construction and installment of machinery and pipelines have been carried out by Iranian contractors without any foreign aid. http://www.presstv.ir/detail/139991.html Show Less >>