Monday, October 17, 2016

With Sanctions Lifted, Iran Now Floods European Markets With Energy

Iran eyes bigger stake in European oil market with boosted production

Tehran (dpa) - Iran is planning to increase its oil production from the current 600 million to 1 billion cubic metres per day, the vice minister for petroleum said on Saturday. Hamid-Resa Araghi told IRNA press agency that the country would then be able to supply 30 billion cubic metres of oil to Europe over the…