Iran’s Oil Industry ‘Profitable Even at $8 per Barrel’

Iran’s oil industry will remain profitable even if oil prices drop to $8 per barrel, acting Deputy Petroleum Minister Masoud Hashemian Esfahani told Sputnik on Wednesday.

“In our experience on oil, it is under 8 dollars (profitability),” Esfahani said on the sidelines of a conference in Moscow.

Full article: Iran’s Oil Industry ‘Profitable Even at $8 per Barrel’ (Sputnik News)

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