Head of NIOC exploration reports 30 billion barrel find

Press TV reports comments from the head of exploration at the National Iranian Oil Company who says the national oil company has found 30 billion barrels of oil, about 4.7 billion of it discoverable.

What's unclear based on the initial report is if this is a new announcement or repeating past announcements. The official said the discoveries took place over the past four years, so this is most likely a rehash.

Seyyed Saleh Hendi, the head of exploration, also reported on 128 trillion cubic feet of newly discovered natural gas.

Read the story at PressTV.