Iranian state TV says Iran is exploring a newly-discovered oil field believed to contain more than one billion barrels of crude oil.
The report says the oil field is located near Andimeshk, in the oil-rich province of Khuzestan, some 450 kilometers southwest of Tehran. As the fourth-largest oil producer in the world, Iran ranks second for output among OPEC Countries, and controls about five percent of the global oil supply.
(Deutsche Welle)
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