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Sanctions squeeze forces Iran to cut oilfield flow

By: Yossel in TT | Recommend this post (0)
Tue, 10 Jul 12 1:25 PM | 127 view(s)
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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

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http://www.reuters.com/article/2012/07/10/us-iran-oil-sanctions-idUSBRE8690D820120710




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