ZCZC
BFF-19
IRAN-OIL
Iran says new oil field adds only 22 bln barrels to reserves
TEHRAN, Nov 11, 2019 (BSS/AFP) – Iran’s oil minister said Monday that an
oil field whose discovery President Hassan Rouhani announced at the weekend
adds only 22.2 billion barrels to the country’s estimated crude reserves.
Out of the amount at the site, only a tenth — 2.2 billion barrels — can
be extracted due to technological limitations, the minister, Bijan Namdar
Zanganeh, told reporters in Tehran.
Rouhani announced on Sunday the discovery of a new oil field containing 53
billion barrels of oil in southwestern Iran.
BSS/AFP/MSY/1332 hrs