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Parallel projects - major problem for Iran's exploration sector

Business Materials 4 February 2019 12:43 (UTC +04:00)

Tehran, Iran, Feb.4

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The official at Geological Survey & Mineral Explorations of Iran (GSI) Alireza Shahidi has announced that parallel work in the country's exploration sector is one of the country's main problems.

"The most important problem in the country's exploration sector is that various individuals who claim the same exploration project and different organizations are working on the same project," he said, Trend reports citing IRNA.

He went on to add that Geological Survey & Mineral Explorations of Iran (GSI) was active in gathering, processing data and mapping of Iran twice.

"It has issued 95 maps in various scales and more than thousand layers of information in geology and exploration areas," he said.

Shahidi also said that Iran will showcase its Geographical Information System (WEB GIS) on Feb 11, during the celebration of 40th anniversary of Islamic Revolution.

"The system is to offer geographic and exploration data around the world, after applicants register in the system," he said.

Shahidi went on to add that some of the mine exploration activities of the GSI from 1998 to 2017 led to registering 32 exploration licenses worth some $62 billion.

He indicated that the budget of Geological Survey & Mineral Explorations of Iran (GSI) from the start of its establishment until today was less than $238 million.

"The GSI has run 500,000 kilometers of airborne geophysical surveys during the past 12 years, alongside 6 million meters of drilling for mineral reservoirs," he added.

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