Tags: Iran | oil | production | OPEC

LIGNET: Iran Crashes OPEC Party, Counting on Sanctions Relief

Friday, 06 Dec 2013 02:52 PM

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Iran is elbowing its way back into the Organization of Petroleum Exporting Countries, hoping to rejoin the global oil pantheon after reaching an interim agreement with world powers on its nuclear program. Iran is now boasting about its ability to raise domestic crude production levels to heights not seen since 2011. Saudi Arabia and members of the U.S. Congress are no doubt resentful of Iran’s presumptuous claims that it can produce 4 million barrels of oil per day while retaining the lion’s share of its nuclear program.

Click here to read the full analysis from top intelligence experts at LIGNET.com.


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