New oil, gas fields discovered in southern Iran

www.chinaview.cn 2005-03-08 20:09:39
TEHRAN, March 8 (Xinhuanet) -- Iranian Oil Minister Bijan Namdar Zanganeh announced here Tuesday that Iran has discovered two new oil and gas fields in the south of the country.

The new oil field, with an estimated capacity of 5.7 billion barrels, was located in the southern province of Khuzestan, 40 km northeast of the provincial capital of Ahvaz, Zanganeh told reporters."

Looks like the actual owners of the underlying commodity have a different view of things than those trying to sell futures...