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Syria-Lebanon-Iran
Iran climbs the greasy pole
2004-07-05
IRANIAN Oil Minister Bijan Namdar Zanganeh claimed yesterday that new oil discoveries in the southwest of the country meant the Islamic republic held the No2 position in world crude reserves. "We now have the second largest oil reserves in the world, after Saudi Arabia," he said. He said the oil ministry’s new figure of 132 billion barrels of proven reserves, a jump of 17 billion barrels, came from discoveries in the Kushk and Hosseinieh oil fields - now classed as a single field and renamed Yadavaran - in the southwestern province of Khuzestan. The minister said exploitable oil at Yadavaran stood at more than 3 billion barrels, with a potential daily output of 300,000 to 400,000 barrels per day.

The Organisation of Petroleum Exporting Countries’ website puts Iran’s proven crude reserves at 99.08 billion barrels for 2002, the latest year for which figures are given. That is below even the previous figures given by the Iranian oil ministry. According to the website, Saudi reserves are estimated at 262.79 billion barrels, with second place going to Iraq with 115 billion barrels. Iran ranks third, according to those figures, with fourth place held by the United Arab Emirates (97.8 billion barrels) and Kuwait in fifth (96.5 billion). However, Mr Zanganeh pointed to other figures, notably those given in June by BP, which put Iran in second place with 130.7 billion barrels. Mr Zanganeh was asked if Iran would now ask OPEC for an increase in its daily production quota. "No, we have not made such a request," he said. "But there is general discussion going on in OPEC to work out a new quota system. These discussions will take a long time. It needs a consensus among all members."
Posted by:Mark Espinola

#5  An outlaw poliferating coutry with heavy seismic activity and a town called Bam - the international investment must just be rolling in.
Posted by: Super Hose   2004-07-06 12:21:59 AM  

#4  Ask the following questions.

Since 1979, when Iran was turned into a beyond brutal, 7th century Islamic jihadic state, (assisted by the Carter administration) how many of the billions earned in exported Iranian crude oil sales by first the brutal Khomeini dictatorship and the ensuing various ruling arch-radical Shi'ite mullahs, have been pouring into numerous broad scale acts of Islamic terrorism?

How many Americans were murdered in the Lebanon at the hands of Iranian supported Hizballah terrorists? How many Israelis blown to bits by Iranian trained and funded Hamas style death cults.

How many innocent victims have been caught in a building destroyed by bombs planted Iranian terrorist 'technicians from London, to Beirut, to Buenos Aires, Iran's blood thirsty killers have inflicted death & chaos. How many more must die before those in the allied West wake up and act divisively?

How many more Iraqi pipelines will be sabotaged by infiltrated Iranian agents only on Iraqi soil to ruin that bordering states crude oil output?

Many Iranians born after the dark year of 1979 desire real freedom, a real nation which can send it's national delegation into a room with members of other free countries and be on equal footing with free men.

Islamic Iran number one source of funding for all of it's exported terrorism is Iran's exported crude oil.

Enough is enough!

Embargo every drop of Iranian oil from exiting the Gulf and a domestic revolution to overthrown the despotic monsters will ensue (with assistance in arms & material, not just empty words)
Posted by: Mark Espinola   2004-07-06 12:20:44 AM  

#3  Fascists with this much oil money can't be a good thing.
Posted by: virginian   2004-07-05 6:37:38 PM  

#2  ... are you SURE they're not simply outright stealing said oil resources from across the border?
Posted by: Edward Yee   2004-07-05 3:37:49 PM  

#1  "Oh no! More oil! We'll have to redouble our nuclear weapons power efforts!"
Posted by: .com   2004-07-05 3:14:43 PM  

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