Iran

Iran discovered new oil field containing 53 billion barrels of crude oil

Iran has discovered a new oil field containing 53 billion barrels of crude oil, President Hasan Rouhani said Sunday, a find that would increase Iran’s proven reserves by about a third.

The field covers 2,400 square kilometers (926 square miles) and is located in Iran’s southwestern province of Khuzestan, Rouhani said in a speech aired on state TV.

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