VOL. XLVII

No 04

26-January-2004

IRAN

Iran Oil Expansion Driven By OPEC Concerns, Says FACTS

Irans recent announcement of a major increase in its estimated oil reserves and the countrys plan to increase oil production capacity under its fourth five-year plan are directly linked to OPECs requirement to bring Iraq back into the production quota system, according to FACTS Inc of Honolulu. In one of three private client reports on Irans petroleum industry published in January, FACTS argues that the...