Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday.
“We will not surrender under any circumstances ... We have to increase our capacity so that when necessary with full strength we can enter the market and revive our market share,” said Zanganeh.
Hit by reimposed U.S. sanctions since Washington exited Iran’s 2015 nuclear deal in 2018, Iran’s oil exports are estimated at 100,000 to 200,000 barrels per day, down from more than 2.5 million bpd that Iran shipped in April 2018.Writing by Parisa Hafezi. Editing by Jane Merriman
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Centrifugal force: attacks on IranAnother strike, evidently on a nuclear-fuel centrifuge facility, is being blamed on Israel—and, by extension, America. It is just the kind of tactic that the abandoned nuclear deal would have obviated. Eastern Europe’s treatment of its drug users runs counter to the “harm-reduction” policies that Europe pioneered decades ago. And faith-based streaming services get a big slice of the pious. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer See acast.com/privacy for privacy and opt-out information.
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Centrifugal force: attacks on IranAnother strike, evidently on a nuclear-fuel centrifuge facility, is being blamed on Israel—and, by extension, America. It is just the kind of tactic that the abandoned nuclear deal would have obviated. Eastern Europe’s treatment of its drug users runs counter to the “harm-reduction” policies that Europe pioneered decades ago. And faith-based streaming services get a big slice of the pious. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer See acast.com/privacy for privacy and opt-out information.
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