Iran announces it has discovered a huge oil field, which could become the second largest in the country | InCont


        Iran has discovered a new reservoir, with reserves of 53 billion barrels of crude oil, in the southwest of the country, President Hassan Rouhani announced on Sunday, the international media writes.        </p><div>
&quot;<em>Despite US sanctions, Iranian oil company employees have found a reservoir with reserves of 53 billion barrels of crude oil. &quot;</em>

The deposit covers an area of ​​2,400 square meters and is located in the oil-rich Khuzestan province, the Iranian head of state said.

Iran is fourth in the world in terms of oil reserves, and second in natural gas reserves, according to data from the US Energy Information Administration (EIA).

The discovery could increase the country&#39;s proven reserves by one third, estimated at 157 billion barrels of crude oil, and could become Iran&#39;s second largest deposit after Ahvaz, which contains 65 billion barrels of crude oil.

The US has imposed sanctions on Iran, including the oil sector, after the unilateral withdrawal of the Nuclear Agreement signed in 2015 with Tehran and five other countries.

Before sanctions were applied, Iran exported up to 2.5 million barrels daily. Currently, the figure has dropped drastically, but officials do not provide accurate data.

On the ICE Futures stock exchange, the North Sea oil barrel Brent is trading at about $ 62.51 on Friday, down from the peak of 2019 at $ 75.

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