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Iran discovers billion barrel oil field

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TEHRAN (AFP) — Iran on Sunday said it has discovered a new oil field in the hydrocarbon-rich province of Khuzestan with more than one billion barrels of crude in place.

Oil Minister Gholam Hossein Nozari said the oil field held 1.1 billion barrels of sweet crude oil, of which 233 million was recoverable, the oil ministry's Shana news agency reported.

He told reporters after a cabinet meeting that the field is in the area of Andimeshk town in Khuzestan province of southwestern Iran that borders Iraq. No further details were immediately available.

Iran is the number two producer in OPEC and the number four 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 in place.
Ogmin

24 responses // Iran discovers billion barrel oil field

  • "Even a blind hog, can find an acorn"!
    MoonLoon
  • "Iran is the number two producer in OPEC and the number four worldwide...."

    BINGO!!!
    96thdayofrage
  • "Discovered"
    SilenceNoMore
  • Is this a blessing or a curse? The mind reels.
    Ogmin
    1 response to this
  • ...yet another curse!
    jjmaster
  • Don't let Bush hear about this before he leaves office. If he does, we will be there for some BS reason within the week.
    huffamoose2k
    1 response to this
  • yep , Iran will be miraculously "discovering" new oil fields for the next few months , taunting Bush and waiting for his next move . let Israel take care of it .
    malathion
  • Bush: "Israel, You know what to do"
    PatrioticAstronaut
  • Great! Another 235 million barrels of environment killing, greenhouse producing crude oil. Don't expect the price of oil to go lower. Highly unlikely.
    recommended by  uroborus8
    MrBigShot21
  • All the more reason for Bush to attack and invade...
    Vierotchka
  • Hmmm... maybe this could be the REAL reason why we are looking start stuff with Iran. Black gold...
    KaT_Trina
  • Now we're going to 'discover' a reason why we need to secure the region. (Iranian Missiles) However, there are other countries such as China and Russia will also want to secure this oil. This causes a tug-o-war that ends in disasters like Afghanistan. fuck.
    Denica_Cassandra
  • Dick's mouth is watering.
    TopScruffy
  • not one country in this world - and i'd even go so far as to include Iran itself - will declare real , actual "war" on the US even if Bush himself suicide bombed tehran with a shitty home- made dirty nuke - and no-one will "war" against Israel either . it'd really make things a lot easier if all this cloak and dagger BS finally resulted in a true "war" - this world needs one .
    malathion
  • Assuming that they will draw approximately 200,00 barrels a day, those billion barrels will last around 15 years. Therefore, with oil being a finite resource, I expect them to drag their heals on production as well as hike up the price. We have already heard their "president" request that the price of oil no longer based on the US dollar due to its life-support like status.
    UWAZell
  • "Oh, hey Iran, we were just joking, now give us oil."
    FallenMorgan
  • Yeah, they may have found it, but Bush says its his!!
    CTZNWES
  • great, more money for Iran... less ozone for us...
    rigellianaire
  • You think this has anything to do with why good ol' boy Bush is suddenly 'amber lighting' backup for a potential Israeli 'pre-emptive' strike on Iran??
    iOw
    • iOw
    • 2 months ago
  • I think they're just trolling everybody at this point.
    AceHardchester
  • I guess they found this suppy of oil after all of the dust settled from those four missles, I mean three missles, I mean two missles......
    OhSee
  • What puzzles me, is the fact that some people think the problem with oil is abundance or lack thereof,... instead of the 'Earth Poison Factor'.

    I yearn for two things;
    All people will see the damage we/oil has done...
    &
    Oil will no longer be "fuel" for war...
    PajamaDan
  • The reason we know this is because of either our covert intelligence operations in Iran or, more likely, our allies' (Israel)... either way, this is just another reason for the us to go to war as quickly as possible. Iran has no reason to release these stories (the oil, the missiles) ... cmon, think about it. Do you think they want a war? The missiles they were testing won't even reach Israel, much less the U.S. They're outnumbered and outgunned. Recommendation (do with it what you will): Don't just read and regurgitate on current anymore. Let's start working together to come at these stories from more than one angle. The truth is out there, but it takes a little more work to find it. I'm not saying I know all that much about anything, but I'm damn sure trying to do more than just scratch the surface. DIG DEEP AND THINK ABOUT IT. And not just about this... just think for yourselves people. Find the truth and use it.
    elisealcyone

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