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.
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