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Panama confirms oil discovery in Darién

Wednesday, August 24, 2011

\ Some 900 million barrels of crude have been detected in two basins in eastern Panama, the nation’s Energy ministry reported.\ \ The ministry said the discovery was made by OTS, a Venezuelan company, in the province of Darién near the border with Colombia.\ \ OTS is reported to have suggested four exploration blocks to be auctioned on each of the two basins.\ \ \ \ \ \ Original source (in Spanish): Efe\ \ \ \