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Iran ups oil reserves estimate, passes Iraq

Posted on 12 October 2010

From Reuters: Iran increased its estimated oil reserves on Monday to a level which would return it to third place in the world after Iraq said last week it had overtaken its neighbour.
Coming ahead of an OPEC meeting on Thursday, one analyst said the two countries were in a “bidding war” over reserves, which is usually a consideration including other criteria such as production capacity when it comes to allocating quotas……………………………………….Full Article: Source


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