Iran boosts oil output, foreign firms keen to seal deals




 
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Iran boosts oil output, foreign firms keen to seal deals
 
January 19th, 2016  
News Manager
 

Topic: Iran boosts oil output, foreign firms keen to seal deals


Iran boosts oil output, foreign firms keen to seal deals
By Sam Wilkin and Bozorgmehr Sharafedin DUBAI (Reuters) - Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation. "Without question the energy, energy-related and infrastructure industries stand to benefit, but also sectors like retail, with the potential creation of a new middle class," he told Reuters.




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