Data show promising Iran oil performance
Market data show strong signs of progress for Iran’s oil industry./ Latest market data have revealed strong signs of progress for Iran’s oil industry which is already facing a series of tough US-led sanctions. A report by Bloomberg on Friday showed that Iran’s oil production rose 10,000 barrels a day to 2.78 million in January. This, the report said, was the country’s first such increase over the past eight months. Bloomberg added that Iran pumped more than 3.1 million barrels a day from 1991 until July 2012, when additional sanctions were ...
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