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Apr 14
Iran loses $2 billion on oil fields
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As Iranian oil industry needs an upgraded technology and employs a complex method in producing oil from Soroush and Norouz oil fields, it has lost more than US$2 billion in three years.
It is reported that the export of ultra heavy crude oil produced in these fields purchased earlier by Reliance Industries, India’s top private oil company has been halted. About 136,000 barrels of such oil are produced there mostly for export.
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