  Iran has discovered vast oil field with 53 billion barrels of crude: Rouhani November 11, 2019 - 12:09 AMT PanARMENIAN.Net - A vast oil field containing an estimated 53 billion barrels of crude oil has been discovered in Iran, President Hassan Rouhani announced Sunday, a find that could boost the country's battered economy amid stringent US sanctions. The oil field in southwest Iran stretches over an area of 2,400 sq km (about 1,491 square miles) in the Khuzestan province and is around 80 meters (262 feet) deep, according to the Iranian leader. It would be the country's second largest oil field, behind one in Ahvaz containing an estimated 65 billion barrels. "We have discovered a new big oil field with 53 billion barrels of reserves," Rouhani said in a speech Sunday in the city of Yazd, according to the semi-official Mehr news agency. "This is a small gift by the government to the people of Iran," he added, according to Agence France-Presse (AFP). Iran, which is a founding member of the Organization of the Petroleum Exporting Countries (OPEC), currently has estimated proven crude oil reserves of 155.6 billion barrels, according to energy giant BP. The new discoveries would add about 34% to its total reserves.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
