Iran’s oil industry seems to be going from strength to strength despite ongoing U.S. sanctions on Iranian energy, as governments worldwide look to secure their oil supplies in the face of global shortages and rising prices. Several heads of state have announced their intentions to increase the import of Iranian oil as Iran continues to boost production, largely ignoring U.S. sanctions, to ensure their energy supply. Considering Iran’s announcement that it saw a 580 percent increase in its oil and condensates income from March to July…
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