TDN World Desk: Iran is already rich in oil. On Saturday Iranian President Hassan announced that the country has found new oil field with billions of crude.

Iranian news agency IRIB reported that, President Hassan Rouhani called the newly found oil field a gift by the government to people.

Rouhani made this announcement of new discovery in a public speech in the desert city of Yazd. He said that the the new discovered oil field is located in Iran’s southern Khuzestan province. Already Iran has in its possession a proven reserve of roughly 150 billion crude oil.

“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,” Associate Press qoutes Rouhani.