Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, March 1, 2013

Iran's oil output faces long-term decline

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

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