Iranian President Hassan Rohani announced Sunday the discovery of a huge oil field that could increase by a third the proven reserves of his country.
"We found an oil field with (reserves estimated at) 53 billion barrels," said Rohani during a speech in Yazd (center) broadcast by state television.
"The field extends from Bostan to Omidiyeh", two cities in Khuzestan province in southwestern Iran, said Rohani, according to which "its surface is 2,400 km2 and its depth of 80 meters. "
"This is a small gift from the government to the people of Iran," said Rohani as the country's economy suffers from the effect of economic sanctions restored against the Islamic Republic by the United States since August 2018.
According to the latest edition of the "Global Energy Statistical Review" published annually by the British oil group BP, Iran has the world's fourth largest proven oil reserves, behind Venezuela, Saudi Arabia and Canada, with 155.6 billion barrels.
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