Iran says oil field found with 53 billion barrels of crude oil

10 Novembre, 2019, 18:59 | Auteur: Anatole Charbonneau
  • Hassan Rouhani said the field was located in Iran’s southern Khuzestan province home to its crucial oil industry

The field covers 2,400 square kilometres.

"The oil layer has a depth of 80m (262ft)", he said during a speech in the central city of Yazd.

The discovery comes at a time when Iran has suffered economically under a series of United States' sanctions aimed to limit its nuclear program.

"Despite America's sanctions. Iranian workers have found an oil field with 53 billion barrels of reserves", Rouhani said in a televised speech on Sunday.

Iran's oil revenues will increase by $32bn (£25bn) "if extraction rate from the oil field increases only 1%", he added.

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Iran is considered a global energy superpower; the country reportedly possesses 10% of the world's oil reserves. Figures can vary wildly by country due to differing standards, though it remains a yardstick of comparison among oil-producing nations.

The new oil field could become Iran's second-largest field after one containing 65 billion barrels in Ahvaz.

The 80-metre deep field stretches almost 200 kilometres from Khuzestan's border with Iraq to the city of Omidiyeh, Rouhani added.

But it has struggled to sell its oil since US President Donald Trump withdrew from a landmark 2015 nuclear deal and reimposed unilateral sanctions on Iran. However, they've offered no means by which Iran can sell its oil overseas.

The collapse of the nuclear deal coincided with a tense summer of mysterious attacks on oil tankers and Saudi oil facilities that the USA blamed on Iran.

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