WORLD
Oil discovered in Paraguay
Baku, November 27 (AZERTAC). A significant oil field has been discovered for the first time in Paraguay. According to the head of state, Federico Franco, in the first half of next year, the country will take its place among the world’s oil producers.
The deposit was found at the mouth of the Pirita River 500 kilometers north-west of the capital Asuncion. The president said that oil is a "good quality" and "of sufficient quantity". No details on the extent of proven reserves have been reported.
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