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Iran acknowledges oil exports down 20-30 percent

June 27th, 2012 Other Credit Card News

MOSCOW (Reuters) – Iran acknowledged for the first time on Wednesday that its oil exports have fallen sharply, down 20-30 percent from normal volumes of 2.2 million barrels daily. A National Iranian Oil Company official in Moscow denied exports had been hit by sanctions against Iran’s nuclear program, saying that oilfields were under maintenance and crude production was being diverted for refining. But the admission that exports have fallen substantially is a change of tack from Tehran which until now has denied that the U.S. and European measures have had much or any impact. …
Canada News Headlines – Yahoo! News CA

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