Iran mega oil find

PARIAH state Iran, currently lumbered with US sanctions, has announced a new oil discovery, suggesting reserves of 50 billion barrels of oil or one third of its current 150Bbbl reserves.

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It would be Iran's second largest field after Ahvaz which holds 65Bbbl.

The find is in the nation's southwest, in the province of Khuzestan; the field stretches across 2,400sq.km.

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