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11/10, 9:12 AM (Source: TeleTrader)
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Rouhani: Iran found new oil field with 53B barrels

Iranian oil workers found a new oil field in the country, President Hassan Rouhani stated on Sunday. He stressed that the new oil field contains around 53 billion barrels of crude oil, meaning that it could enhance Tehran's oil reserves by one third.

Speaking in Yazd, Rouhani revealed the new oil field is in the southwestern province of Khuzestan which is known for large amounts of oil reserves.

Reports suggest that Iran has as much as 10% of the global reserves of crude oil.

Breaking the News / VP