Iran discovers 5300 million barrels of crude amid US threats

Tehran, Ta. November 10, 2019, Sunday

Iran has claimed that its investigations have found underground a staggering 53 billion barrels of crude oil worth about 5300 million barrels. This finding is likely to improve Iran's economic climate.

The crude oil has been found in a space of about 2400 sq km. The process of refining it will now be undertaken and eventually it will be sold to the market, which will earn Iran millions.

Iran's President Hassan Rouhani made the announcement while telling a TV channel, saying that as much as 53 billion barrels of crude oil has been found in Khuzestan,

India's stance is improving, as the United States is trying to bring about economic sanctions by imposing multiple sanctions on Iran. We want to tell America today that despite your many threats and conspiracies, we are moving towards becoming a rich country today.

"The discovery made by the government is a great gift to the citizens of Iran," Rohani said. The research shows that the total oil output of the crude oil exporting countries will increase by 35%. Iran is also a member of these countries.

However, it remains to be seen how much Iran can take advantage of this crude oil and how much it can economically benefit from. The US has warned Iran not to buy any oil from Iran. This has led many countries, including India, to stop buying oil from Iran.

Even in the face of many restrictions in this scenario, there is a sense of skepticism as to how Iran will export its new crude oil to other countries. However, crude oil can also be stored in bulk, which it can use in the coming days.