Iran has discovered a new oil field in the country's south with over 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 U.S. sanctions.
The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year.
Rouhani made the announcement Sunday in a speech in the desert city of Yazd. He said the field was located in Iran's southern Khuzestan province, home to its crucial oil industry.
Read more at: Iran says it has discovered a massive new oil field with 50B barrels | CBC News
The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year.
Rouhani made the announcement Sunday in a speech in the desert city of Yazd. He said the field was located in Iran's southern Khuzestan province, home to its crucial oil industry.
Read more at: Iran says it has discovered a massive new oil field with 50B barrels | CBC News
