The Cellar - Is Iran out of the woods?

The story began on Jan. 9 when the Iran News ran a Reuters story reporting that Halliburton "has won a tender to drill a huge Iranian gas field."

The deal to develop two sections of Iran's South Pars gas field promises significant economic benefits.

"The project includes onshore and offshore sections and its initial phase is to become operational by the first quarter of 2007," said the Tehran-based news site. The total output of the phases will reportedly produce 50 million cubic meters per day of treated natural gas for domestic use and 80,000 barrels of gas liquids per day for export. :tinfoil: