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Swamped With Unsellable Oil, Iran Stores It on Ships

Iran tries hiding oil ship identity, but sales still dropping

By Mark Russell,  Newser Staff

Posted Jul 5, 2012 3:58 AM CDT

(Newser) – With ever-tighter sanctions clamping down on Iran, the oil-rich nation is finding itself awash with oil it simply cannot sell, reports the New York Times. Iran has already reduced production by 1 million barrels a day to 2.8 million, but reducing production too much...   Read full story »

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