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

Iran has discovered a new oil field in the southwest of the country which has the potential to boost its reserves by about a third, President Hassan Rouhani said on the 10^th November.

Mr 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 square kilometres (927 square miles) in the oil-rich Khuzestan province.

Source: Energy-pedia