Iran, Russia $1B oil deal

Despite U.S. demands for further sanctions

AP: Russia's Tatneft and Iran have signed a $1 billion preliminary deal to develop the Zagheh oil field, state TV reported Sunday, deepening Moscow's business links with Iran despite U.S. calls for further sanctions over Iran's nuclear program. The Zagheh oil field, located outside the town of Deilam in south Iran on the shores of the Persian Gulf, contains an estimated 3 billion barrels of heavy crude oil. "The field has the capacity to increase its crude oil production to 55,000 barrels a day in the second phase within 54 months," Oil Minister Rostam Qasemi was quoted as saying >>>

from mehrdadm
18-Dec-2011
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MRX1

commision

by MRX1 on Sun Dec 18, 2011 06:15 PM PST

so who got a hefty commision by putting this deal together? that's the only worthy news here. I have faith in russians though. my guess is they will finish this project say in 2096? Islamists wake me up when Bushehr nuclear plant generates enough electricity for 10 families. cheers.


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Faramarz

Russia's Bitch!

by Faramarz on Sun Dec 18, 2011 08:25 AM PST

If Bushehr is an indicator, by 2050 we should see a few cans (peet halabi) of oil coming out of the ground!


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