Iran Can Double Oil Exports If Necessary
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Iran could double its crude oil exports if the world needs more oil, Bloomberg has reported, citing the managing director of the National Iranian Oil Co. Despite the stalling negotiations on the new nuclear deal that, if finalized, would see U.S. sanctions on Iran removed, Iran stands ready to take full advantage of such a development. Tehran, Mohsen Khojastehmehr said, will “exert maximum effort to recoup its crude oil market share and revive its customers.” “As we managed to bring production back to pre-sanctions levels, now…
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