Iran seeks to take back its share of OPEC production
Iran will try to persuade OPEC countries to reverse production increases they implemented to fill a gap left by sanctions on Iran, the country’s OPEC delegate Mehdi Asali was quoted as saying, ahead of a potential nuclear deal that could see sanctions lifted. Iran, once the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, has seen its exports halved since 2012 to just over 1 million barrels per day (bpd) due to sanctions imposed by the European Union and the United States. ...
Click
To Read Full Article