NewsMine — war-on-terror — iran — Viewing Item

Iran makes giant oil find Original Source Link: (May no longer be active)    http://news.yahoo.com/news?tmpl=story2&u=/nm/20030714/bs_nm/energy_iran_find_dc_1 http://news.yahoo.com/news?tmpl=story2&u=/nm/20030714/bs_nm/energy_iran_find_dc_1 Report: Iran Makes Giant New Oil Find Mon Jul 14, 8:54 AM ET Add Business - Reuters to My Yahoo! TEHRAN (Reuters) - Iran has made a major new oil find containing estimated reserves of more than 38 billion barrels, making it one of the world's biggest undeveloped fields, a senior oil official was quoted as saying Monday. Abolhasan Khamoushi, general director of Iran's Oil Development and Engineering Company, told the Kayhan evening newspaper that the find, combining three neighboring oilfields, had been discovered close to the southern port city of Bushehr. An oil ministry spokeswoman confirmed to Reuters the accuracy of the report but could give no further details. Khamoushi said the fields contained crude of high density and very low API, meaning the oil will be less valuable on world markets than some other regional grades. He said preliminary studies indicated that the Ferdows field contained 30.6 billion barrels or crude, the Mound field 6.63 billion and the Zagheh field 1.3 billion. Appraisal work is under way to ascertain the dimensions of the fields. Commercially recoverable reserves are certain to prove much less than the 38 billion barrels in place, but the find could still rival the world's two other leading undeveloped fields. Kazakhstan's Kashagan, under development by a consortium led by Italy's ENI also is estimated to hold 38 billion barrels of which 7-9 billion are thought commercially recoverable. Iran's Azadegan, discovered four years ago, holds about 26 billion barrels with recoverable reserves of nine billion. Tehran is looking for a foreign partner to invest in it but there no is deal in place yet for its development. Saudi Arabia's Ghawar, brought onstream in 1951, is the world's biggest oilfield, still containing 70 billion barrels of recoverable reserves.

Ahmadinejad american-iran-posturing dissent elections-2005 elections-2008 influencing-iraq iran-nuclear-threat iran-radicalizing israel-iran-posturing jewish-iranians nuclear-posturing russian-enrichment-plan western-iran-alliance Alqaeda harbored { August 28 2002 } Bus bomb kills iran elite team members Bush disagreed with israel on iran and iraq in 2002 { October 16 2006 } Bush wants facts on iran alqaida 911 link { July 19 2004 } Iran accuses UK of cooperating with ahvaz bombers Iran admits holding alqaeda operatives Iran defies west emboldened by muslim nation support { May 13 2006 } Iran demands halt to broadcasts from west { February 6 2006 } Iran expels 70k afghans { April 2007 } Iran first country to approve commercial gm rice Iran hails hamas victory in palestine { December 2006 } Iran has inflation and unemployment { March 2007 } Iran helping afhgan govt and taliban insurgency { June 11 2007 } Iran makes giant oil find Iran nuclear issue makes all governments happy Iran to replace dollar with euro in foreign deals { November 2006 } Iranian agents find british ties to blasts { October 17 2005 } Iranian arms reaching taliban worry US { August 2007 } Marines probe iran ethnic tensions { February 23 2006 } Npr commentary on veil and privacy { February 13 2006 } Pentagon officials working with ghorbanifar { August 9 2003 } Pointless pakistan attack steers china for iran { December 2006 } Southern iran blast near nuclear plant Strange blast near iran nuclear plant Sunnis claim bombing in southern iran Syria boosting military arsenal with russia iran help { February 22 2007 } Taliban used iranian missiles on UK troops US brits connected to mosque explosion { May 12 2008 } US says mossad killed iranian scientist { January 2007 } Files Listed: 29

Correction/submissions

CIA FOIA Archive

National Security Archives

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information, go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purpose of your own that go beyond 'fair use', you must obtain permission from the copyright owner.