Iran looks for new export opportunities before sanctions come in force

Note: This section contains information in English only.
Source: Marketwatch
Iran is looking for new customers for its oil as sanctions imposed by the EU nations will ban oil exports from the region. The full oil embargo will enter into force on July 1. The country is attempting to redirect extra 50,000 barrels of crude oil per day, or additional 23% to developing economies as India and China, reported two persons familiar with the matter.



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Mon, 20 Feb 2012 09:06:31 GMT

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