Tags: Iran | iran | oil | production | sanctions

Iran: Sanctions Are Not Affecting Oil Production

Friday, 31 May 2013 05:37 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

VIENNA — Iran says its oil exports are down by 20 percent but asserts it is still producing the same amount of crude — and finding markets for it as gasoline and other products — despite international sanctions.

Iranian oil minister Rostam Ghasemi spoke Friday as he and other OPEC ministers went into a meeting expected to keep the 12-nation cartel's output target at 30 million barrels a day.

The U.S-led embargo on oil and other punitive measures were imposed in an attempt to force Iran to curb its nuclear program. Production is now an estimated 2.5 million barrels a day — about 1.5 million barrels less than before the sanctions.

But Ghasemi told reporters that "production has not changed."

He said that Iran, which used to import gasoline, now exports it.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Survivor Tells of Europe's Deadliest Migrant Shipwreck

Wednesday, 17 Sep 2014 15:50 PM

After three days adrift, drinking his own urine to survive as he watched dozens of people sink to a watery grave, Mohame . . .

Would an Independent Scotland Be an Anti-Catholic Scotland?

Wednesday, 17 Sep 2014 11:16 AM

With the prominent Scottish Catholic philosopher John Haldane having expressed concerns about the fate of the Church in  . . .

Sean Connery Will Be No-Show on 'Yes' Vote

Wednesday, 17 Sep 2014 11:04 AM

Sir Sean Connery, one of Scotland's most prominent citizens, isn't appearing in his homeland to back the "Yes" campaign, . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved