TEHRAN, Iran – Iran has discovered a new oil field in the country’s south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions. Some 53 billion barrels would be added to Iran’s proven reserves of roughly 150 billion, he said. “I am telling the White House that in the days when you sanctioned the sale of Iranian oil and pressured our nation, the country’s dear workers and engineers were able to discover 53 billion barrels of oil in a big field,” Rouhani said. Oil reserves refer to crude that’s economically feasible to extract. The new oil field could become Iran’s second-largest field after one containing 65 billion barrels in Ahvaz.

Source: Philippine Daily Inquirer November 10, 2019 22:37 UTC