Why Iran’s Secret Weapon Isn’t Really Bombs But Oil 2008.Aug.30. Posted in Focus
Iran’s national budget for 2008 presumed an oil price of only $40 per barrel. As the proud possessor of 130 billion barrels of proven reserves - more than anywhere else in the world except Saudi Arabia - Iran can produce about 4.2 million barrels of crude every day. That’s why Iran feels confident enough to shrug off the UN sanctions.
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