Wednesday, June 30, 2010

(NEWS) Iran Suffering From $19 Billion Drop In Energy Revenue

"Iran’s oil exports plummeted 24 percent over the 12-month period ending last February and energy revenues dropped by $19 billion, according to reports published by the semi-official Fars News Agency.

Oil production also has dropped, primarily due to the international sanctions that make it harder for other countries to invest in the Islamic Republic’s gas and oil industry. The Financial Times reported in May that oil production dropped by 300,000 barrels a day."










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