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Iran discovers billion-barrel oil field
Posted By admin On July 14, 2008 @ 2:19 pm In World News | Comments Disabled
Monday, July 14, 2008
IRAN says it has discovered a new oil field containing more than one billion barrels of crude.
Oil Minister Gholam Hossein Nozari said the oil field held 1.1 billion barrels of sweet crude oil, of which 233 million coudl be recovered, the Shana news agency reported.
The field was in the area of Andimeshk town in Khuzestan province of southwest Iran that borders Iraq, Mr Nozari said.
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Iran is the No.2 producer in OPEC and No.4 worldwide, although its ability to reach oil production targets has been hampered by a lack of international investment.
Production started in February from Iran’s biggest onshore oil field, Azadegan, which is estimated to have 42 billion barrels of crude oil.
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URL to article: http://www.prisonplanet.com/iran-discovers-billion-barrel-oil-field.html
URLs in this post:
 AFP: http://www.news.com.au/business/story/0,23636,24015554-31037,00.html
 Iran discovers 46 oil fields in Caspian Sea: http://www.prisonplanet.com/iran-discovers-46-oil-fields-in-caspian-sea.html
 New oilfield discovered in south Iran: http://www.prisonplanet.com/new-oilfield-discovered-in-south-iran.html
 Production at Libya’s Amal field normal- source: http://www.prisonplanet.com/il-production-at-libyas-amal-field-normal-source.html
 Crude oil ought to be $150 per barrel: Iran: http://www.prisonplanet.com/crude-oil-ought-to-be-150-per-barrel-iran.html
 OPEC chief warns of ‘unlimited’ oil prices if Iran is attacked: http://www.prisonplanet.com/opec-chief-warns-of-unlimited-oil-prices-if-iran-is-attacked.html
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