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Iran's Oil Fields are in Rough Neighborhoods
Tehran this week said that if its "positive diplomacy" wasn't reciprocated by the Kuwaiti government, it would work to develop its section of a shared oil field alone. Tehran, OPEC's No. 3, said oil production from shared oil fields was on the rise. The Islamic republic, facing isolation in the international community, is unlikely to broker any grand oil deal with Kuwait given arch-foe Riyadh's interest in the region, however. Iranian authorities announced they were eager to cooperate with the "the brother, Muslim and neighboring country of…Read more...
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