Iran makes giant new oil find: report

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 has been quoted as saying.

Abolhasan Khamoushi, general director of Iran's Oil Development and Engineering Company, told the Kayhan evening newspaper that the find, combining three neighbouring 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.

http://www.abc.net.au/news/justin/nat/newsnat-14jul2003-68.htm

I'm sure that has (cough) nothing to do with Rummy's rantings...

eom

Dumsfeld told me. :evilgrin:

Prepare for the invasion to liberate the Iranians... from their oil.

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To hide that shit from BushCo!

It's between half again and twice the size of Prudhoe Bay. It's also heavy crude, which is more difficult to recover than light crude, and demands far higher energy inputs to refine for gasoline, avaition fuel or what have you.

Don't you know this forum is only here for snappy comebacks and off the cuff insults so we can get our post counts up. If you keep this up people will start reading the original articles and posting reasoned viewpoints. Have you thought about that????????

Now that Demdave has outed me, what next for a hapless DU poster?!?!
;-)

figure is for ANWR oil. They only say how much oil they believe is there.

I can see why we are going after the light crude in west Africa, it is cheaper to refine.

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Iran, here we come!

Secret documents say this. We need to attack immediately to keep New York from being a mushroom cloud. The threat is imminent. We must go to war immediately before they sell any of their oil.

and he already thinks it is his birth right.

Reason the Bushista Mob is so interested in Iran's politics!!! Smart move coming out with it! Makes BFEE oil moves more transparent! (If that's possible)