Iran's oil output faces long-term decline
Abi Dhabi, United Arab Emirates (UPI) Feb 28, 2013
Sanctions-battered Iran's oil production has fallen to its lowest level
in 23 years and Tehran plans to reduce the proportion of oil revenues
in the next budget, international energy monitors say.
But analysts say that even if U.S. and EU sanctions, imposed in 2010
over Iran's refusal to abandon key elements of nuclear program, were
lifted in the coming weeks Iranian oil output alreadyhttp://www.energy-daily.com/reports/Irans_oil_output_faces_long-term_decline_999.html
Sanctions-battered Iran's oil production has fallen to its lowest level
in 23 years and Tehran plans to reduce the proportion of oil revenues
in the next budget, international energy monitors say.
But analysts say that even if U.S. and EU sanctions, imposed in 2010
over Iran's refusal to abandon key elements of nuclear program, were
lifted in the coming weeks Iranian oil output alreadyhttp://www.energy-daily.com/reports/Irans_oil_output_faces_long-term_decline_999.html
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