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July 15, 2009 | Why Iran Will Not Profit from Its Black Gold

Despite controlling some of the most extensive oil resources worldwide, Iran is heading towards an economic crisis. ++ In order to use its oil reserves, the Islamic Republic needs new technologies for oil production and further processing. ++ “This is Iran’s Achilles’ tendon.” ++ Ahmadinejad has maneuvered the country into political alienation and can no longer count on foreign investment and

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