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Tehran claims world's 2nd biggest oil reserves
4.9 million bpd capacity predicted by march 2005
By Agence France Presse (AFP)

Monday, July 05, 2004

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Iranian Oil Minister Bijan Namdar Zanganeh announced Saturday that new oil discoveries in the southwest of the country meant the Islamic Republic held the number-two position in world crude reserves. "We now have the second largest oil reserves in the world, after Saudi Arabia," he told a news conference.

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Tags: Discoveries in Yadavaran field bring figure up to 132 billion barrels

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