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Senior Oil Official: Iran Propped for Worst Scenario (NIOC - National Iranian Oil Company)

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(Source: NIOC - National Iranian Oil Company) The OPEC producer plans to ramp up output and reclaim its share of the market after oil sanctions are removed against the country in the 'next few days'. Deputy Oil Minister for commerce and international affairs, Hossein Zamaninia said there is 'absolutely no chance' Iran would delay its plan to increase production even as prices decline. 'Our general...

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