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Tags: iran | oil | production | sanctions

Iran: Sanctions Are Not Affecting Oil Production

Friday, 31 May 2013 05:37 AM EDT

VIENNA — Iran says its oil exports are down by 20 percent but asserts it is still producing the same amount of crude — and finding markets for it as gasoline and other products — despite international sanctions.

Iranian oil minister Rostam Ghasemi spoke Friday as he and other OPEC ministers went into a meeting expected to keep the 12-nation cartel's output target at 30 million barrels a day.

The U.S-led embargo on oil and other punitive measures were imposed in an attempt to force Iran to curb its nuclear program. Production is now an estimated 2.5 million barrels a day — about 1.5 million barrels less than before the sanctions.

But Ghasemi told reporters that "production has not changed."

He said that Iran, which used to import gasoline, now exports it.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Iran says its oil exports are down by 20 percent but asserts it is still producing the same amount of crude — and finding markets for it as gasoline and other products — despite international sanctions.
iran,oil,production,sanctions
128
2013-37-31
Friday, 31 May 2013 05:37 AM
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