Iran finds new oil field with 53 bil barrels of crude

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Iran finds new oil field with 53 bil barrels of crude
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New discovery adds around 34% to the Opec member's current proven reserves. FMTNews Opec

TEHRAN: Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran’s proven reserves by over a third.

The find would add around 34% to the Opec member’s current proven reserves, estimated by energy giant BP at 155.6 billion barrels of crude oil.

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