Iran to drill oil well on border with Azerbaijan

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TheNational Iranian Oil Company(NIOC) prepares for drilling works in the Mugan plain locating in the north of Iran, APA-Economics reports citing the foreign press.

The drilling works are planned to be conducted in the border territory with Azerbaijan.

More than 4 billion of light crude oil is estimated to be in the field.

According to the information, search operations have been conducted during 13 years.