Iran discovers massive oilfield that can boost its national reserves by third ...News

A new oilfield with over 50 billion barrels of crude oil has been discovered in the south of Iran. The site could become the country’s second largest oilfield and significantly increase Iran’s proven deposits. “I inform the White House that, in the days that you have imposed sanctions on Iran’s oil exports, workers and engineers of the country have discovered 53 billion barrels of in-place oil reserves,” President Hassan Rouhani announced on Sunday, as cited by Fars news agency. He said that it took the National Iranian Oil Company three years to discover the giant oil field located in the oil-rich Khuzestan province. The field stretch

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