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Iran says finds new oil field with 53 billion barrels of crude


10 Nov 2019

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Iran has discovered a new oil field in the southwest of the country that has the potential to boost its reserves by about a third, President Hassan Rouhani said on Sunday. Rouhani said that the  National Iranian Oil Company had found an oil field with 53 billion barrels of reserves and that the field stretches over 2,400 sq km (927 sq miles) in the oil-rich Khuzestan province.

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Source: Reuters





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