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FinancialNews


  • 02-10-18

    Iran denies target to reduce oil production

    (MENAFN) Head of National Iranian Oil Company (NIOC) Ali Kardor rejected on Monday reports of the country setting out a target to reduce oil output.

    Reuters reported the NIOC chief to have stressed that Iran is not suffering from any difficulties in generating revenues from its oil sales.

    IRIB news agency also reported the chief to have pointed out that Iran saw a 40 percent surge in its oil income over the last year.

    Kardor added that the country could begin providing oil through stock exchange within a week, offering 1 million oil barrels on it.

    MENAFN0210201800450000ID1097516357

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