If you work for PNAC
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Iran makes huge oil discovery
Oil fields contain estmated 38 billion barrels of reserves
TEHRAN, Iran, July 14 — 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.
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 billion to 9 billion are thought commercially recoverable.
Iran’s Azadegan, discovered four years ago, holds about 26 billion barrels with recoverable reserves of 9 billion.
http://www.msnbc.com/news/938590.asp?0cv=CB10