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Iranís president: New oil field found with over 50B barrels
Associated Press ^ | November 10, 2019 | Amir Vahdat

Posted on 11/10/2019 7:21:51 AM PST by Olog-hai

Iran has discovered a new oil field in the country’s south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions.

The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year.

Rouhani made the announcement in a speech in the desert city of Yazd. He said the field was located in Iran’s southern Khuzestan province, home to its crucial oil industry.

Some 53 billion barrels would be added to Iran’s proven reserves of roughly 150 billion, he said.

“I am telling the White House that in the days when you sanctioned the sale of Iranian oil and pressured our nation, the country’s dear workers and engineers were able to discover 53 billion barrels of oil in a big field,” Rouhani said. …

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Egypt; Foreign Affairs; Germany; Israel; Japan; News/Current Events; Russia; Syria; United Kingdom; War on Terror
KEYWORDS: amirvahdat; aramco; associatedpress; boycotts; brexit; brexitparty; bsdetector; bsmeter; djibouti; egypt; energy; erdogan; eritrea; europeanunion; eussr; fourthreich; gaza; gazprom; germany; hamas; hassannasrallah; hezbollah; hydrocarbons; india; iran; iranoil; isis; israel; jamalkhashoggi; japan; jcpoa; jordan; khuzestan; kurdistan; lebanon; maga; muslimbrotherhood; nato; nigelfarage; norway; oil; opec; pakistan; probablybs; putinsbuttboys; receptayyiperdogan; rop; rouhani; russia; sanctions; sidestepping; sinai; smellslikebs; sudan; syria; tariffs; tds; trade; turkey; ukraine; unitedkingdom; waronterror; whataretheirfrnicks; worldwar3; yemen
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Well, that does it; drop the sanctions ASAP! (Right?)
1 posted on 11/10/2019 7:21:51 AM PST by Olog-hai
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To: Olog-hai

Go, cat, go! Flood the market! Let’s bring those prices down to where they were before O’Bummer stole the white hut!


2 posted on 11/10/2019 7:24:12 AM PST by LouAvul
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To: All

Well then give us back the pallets of cash.


3 posted on 11/10/2019 7:25:00 AM PST by gibsonguy
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To: gibsonguy

Sure; after all, they won’t be needed (as John Kerry admitted) to fund terrorism now when Iran can do it with the revenue from all this new-found oil, right?

And of course we’ll also see how sincere entities like the EU are about so-called “de-carbonization”.


4 posted on 11/10/2019 7:29:28 AM PST by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Olog-hai

Announcing just as their archrival Saudis prep the Aramco IPO.


5 posted on 11/10/2019 7:29:30 AM PST by ameribbean expat (Socialism is like a nude beach - - sounds great til you actually get there. -- David Burge.)
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To: LouAvul

I wonder what the anti-carbon people will say about that.


6 posted on 11/10/2019 7:30:12 AM PST by reg45 (Barack 0bama: Gone but not forgiven.)
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To: Olog-hai

Too bad the mankind has less than 12 years.

Please mark the location so that any survivors can easily find it.


7 posted on 11/10/2019 7:32:50 AM PST by shotgun
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To: Olog-hai

Cool. New targets for drone strikes...


8 posted on 11/10/2019 7:33:45 AM PST by 2banana (My common ground with islamic terrorists - they want to die for allah and we want to kill them.)
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To: reg45

In the final analysis, hard cash always trumps ideology.


9 posted on 11/10/2019 7:34:05 AM PST by LouAvul
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To: Olog-hai
wait, wut??? i thought PEAK OIL!!!
10 posted on 11/10/2019 7:34:51 AM PST by Chode (Send bachelors and come heavily armed.)
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To: Olog-hai

Since when do Westerners believe what Iran says about most anything any more?


11 posted on 11/10/2019 7:35:00 AM PST by Ron H. (Gab.com)
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Well that should last thru my living time on this earth.


12 posted on 11/10/2019 7:35:41 AM PST by deport
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To: Olog-hai

Very convenient timing.


13 posted on 11/10/2019 7:36:43 AM PST by Seruzawa (TANSTAAFL!)
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To: Ron H.

Can’t disbelieve everything; like the god of this world whose major false religion they believe, they mix lies with truth, so of course this latest announcement is 50/50.

I don’t disbelieve their “Death to America” rhetoric.


14 posted on 11/10/2019 7:36:45 AM PST by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Olog-hai

Hey, mullah, why only 50 billion? Why not a gazillion? Nobody’s checking your math. We can send the inspectors in to check your oil reserves as well as your fantasy math.


15 posted on 11/10/2019 7:39:05 AM PST by chuckee
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To: Olog-hai
New oil field found with over 50B barrels

Yet another incentive to invade, kill all the mullahs, melt down any/all fissionable material, and free the Persian people.

  /wishful thinking

16 posted on 11/10/2019 7:43:04 AM PST by tomkat
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To: Olog-hai

You go Iran. Hang an INVADE ME sign on your back, in great big Cyrillic letters.


17 posted on 11/10/2019 7:46:14 AM PST by Buttons12
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To: Olog-hai

Maybe they can drink it since they won’t be able to sell it.


18 posted on 11/10/2019 7:46:57 AM PST by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
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To: Olog-hai
the desert city of Yazd.

Why is this not a "Holy" city? I thought all their cities were "Holy cities???"

19 posted on 11/10/2019 7:50:46 AM PST by Cowboy Bob ("Other People's Money" = The life blood of Liberalism)
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To: Olog-hai
“I am telling the White House that in the days when you sanctioned the sale of Iranian oil and pressured our nation, the country’s dear workers and engineers were able to discover 53 billion barrels of oil in a big field,” Rouhani said. …

Is this part of his new stand-up routine? It looks like good material. He'll have people rolling in the aisles with this...

20 posted on 11/10/2019 7:57:06 AM PST by jeffc (The U.S. media are our enemy)
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