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Iran says new oil field with 53 billion barrels discovered

Sunday November 10 2019

Iranian President Hassan Rouhani

Iranian President Hassan Rouhani delivering a speech to a crowd in the central city of Yazd on November 10, 2019. -Iran has discovered a new oil field containing 53 billion barrels of crude, President Rouhani said, a find that would increase Iran's proven reserves by over a third. PHOTO | HO | IRANIAN PRESIDENCY | AFP 

AFP
By AFP
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Tehran

Iran has discovered a new oil field containing 53 billion barrels of crude oil, President Hassan Rouhani said Sunday.

This new find will increase Iran's proven reserves by about a third.

The field covers 2,400 square kilometres.

It is located in Iran's southwestern province of Khuzestan, Rouhani said in a speech aired on state TV.