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Nov 10, 2019 17:44 IST

Tehran [Iran], Nov 10 (ANI): Iranian President Hassan Rouhani on Sunday stated {that a} new massive oil area has been found in Khuzestan province.
Throughout his speech to the individuals of Yazd, Rouhani stated: “Now we have found a brand new massive oil area with 53 billion barrels of reserves,” reported Islamic Republic Information Company (IRNA).
He additional stated that the oil area has prolonged from Bostan and continues to Omidieh with the capability of 53 billion barrels.
“The US ought to know that Iran is a wealthy nation and regardless of animosity and merciless sanctions, Iranian employees and engineers found a brand new oil area,” the President stated.
Iran presently has the world’s fourth-largest confirmed deposits of crude oil and the world’s second-largest deposits of pure fuel.
In accordance with Al Jazeera, the brand new oil area might grow to be Iran’s second-largest area after one containing 65 billion barrels in Ahvaz, a metropolis within the southwest of Iran.
Tensions between Washington and Tehran rose considerably final 12 months after US President Donald Trump unilaterally withdrew the US from the 2015 Iran nuclear accord between Iran and world powers.
The deal imposed curbs on Iran’s nuclear programme in trade for reduction from worldwide sanctions.
In a bid to place “strain” on Iran and to barter a brand new deal, Washington reinstated sanctions to choke Tehran’s oil exports and isolate its financial system. (ANI)

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