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Thread: Iran's President Announces New Oil Field with Over 50 Billion Barrels of Oil

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    Professor Old 'N Chill's Avatar
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    Iran's President Announces New Oil Field with Over 50 Billion Barrels of Oil

    TEHRAN, Iran — Iran has discovered a new oil field in the country’s south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions.


    The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year.


    Rouhani made the announcement in a speech in the desert city of Yazd. He said the field was located in Iran’s southern Khuzestan province, home to its crucial oil industry.
    Some 53 billion barrels would be added to Iran’s proven reserves of roughly 150 billion, he said.


    “I am telling the White House that in the days when you sanctioned the sale of Iranian oil and pressured our nation, the country’s dear workers and engineers were able to discover 53 billion barrels of oil in a big field,” Rouhani said.


    Oil reserves refer to crude that’s economically feasible to extract. Figures can vary wildly by country due to differing standards, though it remains a yardstick of comparison among oil-producing nations.
    Iran’s president: New oil field found with over 50B barrels | PBS NewsHour Weekend
    "Live and Let Live"

  2. #2
    A sinister place...
    OrphanSlug's Avatar
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    Re: Iran's President Announces New Oil Field with Over 50 Billion Barrels of Oil

    Sounds like they need some “Freedom” ...
    "Democracy without respect for individual rights sucks. It's just ganging up against the weird kid, and I'm always the weird kid." - Penn Jillette.

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    Re: Iran's President Announces New Oil Field with Over 50 Billion Barrels of Oil

    Now you know that war with Iran will be inevitable. They are cranking up their nuclear operations & now more oil. Exxon-Mobil is likely on the phone earlier today to the WH.
    'Make America great' - Benito Mussolini, Fascist Dictator, 1927 newsreel clip: https://www.youtube.com/watch?v=c5l_r8MG5II

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    Re: Iran's President Announces New Oil Field with Over 50 Billion Barrels of Oil

    We should have taken Iran in 79.
    Russia wanted Afghanistan, it was like.
    You take that one, we'll take this one.

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