Sanctions squeeze forces Iran to cut oilfield flow
(Reuters) - Tough Western sanctions are forcing Iran to take drastic action and shut off wells at its vast oilfields, sinking production to levels last seen over two decades ago and costing Tehran billions in lost revenues.
Peg Mackey and Alex Lawler
LONDON
Tue Jul 10, 2012 4:56am EDT
link-
http://www.reuters.com/article/2012/07/10/us-iran-oil-sanctions-idUSBRE8690D820120710