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OPEC must cut back as Libyan oil returns: Iran

Posted on 06 October 2011

OPEC countries which boosted oil production to compensate for the loss of Libyan supply earlier this year must reduce output as Libya returns to world markets, a senior Iranian oil official said on Wednesday.
Iran’s OPEC governor, Mohammad Ali Khatibi, said the continuing global economic crisis would have a negative effect on oil demand……………………………………….Full Article: Source


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