Tag Archives: Iran says oil field found with 53 billion barrels of crude oil

TEHRAN: Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said on Sunday, a find that would increase Iran’s proven reserves by over a third. The field covers 2,400 square kilometres and is located in Iran’s southwestern province of Khuzestan, Rouhani said in a speech aired on state TV. “This is a small …

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