03.05.2012 - Iran's oil output at lowest level in 20 years
Iran's oil output has reached its lowest level in 20 years, independent data showed Wednesday, as the impact of sanctions dramatically deepens. The output decline underscores how pressure on Iran is increasingly hurting the country's coffersó-with oil and gas normally accounting for more than half of its export revenue. According to Vienna-based JBC Energy GmbH, Iran's crude output fell to 3.2 million barrels a day in April, down 150,000 barrels a day in two months. That level hadn't been hit since the aftermath of the Iran-Iraq war in 1990...............................................Full Article: Source
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