| Iran's oil production could fall almost 15 percent this year due to reduced foreign investment, the U.S. Energy Information Administration (EIA) said on Tuesday in a report highlighting the growing strain on Tehran's oil sector even before factoring in the effect of new sanctions, Reuters reported.
The EIA estimated Iran's oil output would fall about 500,000 barrels per day by the end of 2012, declining from 3.55 million bpd at the end of last year, as many foreign companies have been forced out of the country by existing restrictions...............................................Full Article: Source
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