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Repiglican Roast

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Monday, July 14, 2008

Iran discovers billion-barrel oil field. Cheney Administration Draws Bead

[...]

The field was in the area of Andimeshk town in Khuzestan province of southwest Iran that borders Iraq, Mr Nozari said.

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.

Labels: Oil. Iran.

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