Middle East Economic Survey
VOL. LIV
No 52
26-Dec-2011
IRAN
Iran Admits To Fall In Oil Output As EU Discusses Crude Embargo
In a rare admission of the increasing difficulties it is now facing as a consequence of mounting international sanctions, Iran revealed that its domestic crude production has dropped this year because of an investment squeeze. Compared to last year, there was an insignificant drop in our crude production due to lack of investment in developing oil fields, ISNA news...
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