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Afghanistan Finds 1.8 Billion-Barrel Oilfield

Afghanistan discovered an oilfield containing an estimated 1.8 billion barrels of crude in the north of the country, a Mines Ministry official said.

If proven, the resource would be more than 10 times the size of the country’s oil reserves, assessed at more than 150 million barrels by the U.S. Geological Survey. By comparison, Saudi Arabia had proven reserves of 264.6 billion barrels at the end of 2009, according to BP Plc data