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Commodities Briefing - Categorized | Market Pulse, Oil more

Iran’s oil industry is trying for a comeback

Posted on 28 October 2013

Iran’s oil exports are being ravaged by sanctions, but there are signs under the new president, Hassan Rouhani, that efforts to attract old clients may be boosting the Islamic republic’s most essential economic lifeline.
China, India and Japan, which account for half of Iran’s oil exports, all increased their purchases over the past several months, offering some new hope to Iran and complicating U.S.-led efforts to put pressure on Iran over its disputed nuclear program by attempting to cut off its main source of income………………………………………..Full Article: Source


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