CURRENT AFFAIRS

Detailed explanation-1: -Iran has discovered an oil field with an estimated 53 billion barrels of crude, Rouhani says.

Detailed explanation-2: -The province produces on average over 80% of the country’s oil production and close to 20% of Iran’s gas production.

Detailed explanation-3: -On March 3, 1938, an American-owned oil well in Dhahran, Saudi Arabia, drilled into what would soon be identified as the largest source of petroleum in the world. The discovery radically changed the physical, human, and political geography of Saudi Arabia, the Middle East, and the world.

Detailed explanation-4: -The Atlantic Richfield Company and Humble Oil and Refining Company announce the discovery of oil on the North Slope of Alaska at Prudhoe Bay.

Detailed explanation-5: -Capacity and production According to sources, the capacity of the block could be one hundred thousand cubic metres per day of gas and 15-18 cubic metres of oil pr day . “Two exploratory wells have been dug there,” the sources said. Besides Assam, no eastern or northeastern state has an operating oil field.