Iran's Oil Minister Bijan Namdar Zanganeh speaks during a press conference in Tehran on November 11, 2019 AFPThe oil minister said the discovery added 22.2 billion barrels to the country's oil reservesIran's oil minister said on Monday that an oil field whose discovery President Hassan Rouhani announced at the weekend adds only 22.2 billion barrels to the country's estimated crude reserves. The oil minister said the discovery added 22.2 billion barrels to the country's oil reserves. Iran says new oil find adds only 22 billion barrels to reserves https://t.co/eno5Aw5TLv pic.twitter.com/wyD5nNvuCr — CNA (@ChannelNewsAsia) November 11, 2019"Considering that there was already 31 billion barrels of oil in the region, the in situ amount added is 22.2 billion barrels," he said. Due to the area's "dense and stone material", the amount that can be extracted is only "2.2 billion barrels, considering the current technology we have," he added. It sits on the world's fourth-biggest oil reserves, estimated by energy giant BP at 155.6 billion barrels of crude, and also has the second-largest gas reserves.

Source: Dhaka Tribune November 11, 2019 09:33 UTC