Iran: Found new oil field with 53 billion barrels

Iran has discovered a new oil field in the country's south with an estimated 50 billion barrels of crude oil, 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 US sanctions. That 50 billion barrels would be added to Iran's proven reserves of some 150 billion.

from Times of India https://ift.tt/2qDkJAR