Iran has discovered a new oil field in
the southwest of the country which
apparently has the potential to boost
its reserves by about a third now
whether he can develop a site or sell it
remains an entirely different question
though and tis the season to be jolly
Santa Claus is back in business
so for these needs and other news around
the world let's go over to our Kim dummy
at the NewsCenter now Tommy first of all
on the Iran's finding of an oil reserve
how significant is that conn-young more
than 50 billion barrels of crude oil had
been discovered in rennes southern whose
eastern province home to the country's a
crucial oil industry Iranian president
Hassan rouhani announced the discovery
during a televised speech in yaws on
Sunday that the field stretches over
2,400 square kilometers in the oil-rich
province in spite of the Iranian
nation's entire enemies during the days
when you imposed sanctions on Iran's oil
sales and pressurized our nation our
dear workers and engineers discovered 53
billion oil barrels in a huge oil field
according to the US Energy Information
Administration Iran ranks the world's
fourth largest oil reserve holder after
Venezuela Saudi Arabia and in Canada if
the newel oil field does eventually
contribute to its commercial production
Iran's crude oil reserves will rise to
the world's third-largest surpassing
Canada the findings come as Iran faces a
tough US sanctions after Washington
pulled out of T 2015 nuclear deal with
world powers last year leaving
uncertainties on whether the new front
will go into actual commercial
production
