Iran oil production projects reduced due to lack of funds: Minister

Iranian Oil Minister Bijan Zanganeh speaks in Tehran on Nov. 28, 2015. (File photo: AP)

Iran has had to reduce oil production projects because of a lack of funds and income from oil exports has decreased, Iran’s Oil Minister Bijan Zanganeh said on Tuesday, according to the official IRNA news agency.

“All attacks are against us and the income from oil exports has been reduced. We have reduced many production projects because we don’t have money at all and side projects have been closed for a long time,” Zanganeh said.

Last Update: 15:21 KSA 18:21 - GMT 15:21