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In 2004, Iran produced 5.1 percent of the world's total crude oil (3.9 million barrels (620,000 m 3; 160 million US gal) per day), which generated revenues of US$25 billion to US$30 billion and was the country's primary source of foreign currency. Iran's oil and gas reserves are estimated at 1.2 trillion barrels.
Greenspan's offer was for $1.25 billion for 25% of the company. [39] On July 17, 2007, The Wall Street Journal , a unit of Dow Jones, reported that the company and News Corporation had agreed in principle on a US$5 billion takeover, that the offer would be put to the full Dow Jones board on the same evening in New York, and that the offer ...
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