Iran Looks to Expand Offshore Oil Work

Wednesday, November 03, 2010

According to a Nov. 2 report from United Press International, Iran expects to increase its offshore oil production for the Iranian calendar year by 20% compared with the previous year, an energy director said. Iran is rushing to increase its domestic production of oil and gas as international producers shy away from the sanction-strapped Islamic republic.

(Source: United Press International)

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