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December 20, 2011       Share:    

Source: http://www.google.com/search?hl=en&gl=us&tbm=nws&btnmeta_news_search=1&q=%22Iran+Admits+Western+Sanctions+Are+Inflicting+Damage%22&oq=%22Iran+Admits+W

Iran Admits Western Sanctions Are Inflicting Damage

(New York Times) Rick Gladstone - Iran's deputy oil minister acknowledged on Monday a decline in domestic petroleum production because of dwindling foreign investment. Talks between the Iranians and Poland's biggest natural gas developer have collapsed, while a Russian oil company has denied signing a $1 billion deal to help revive a dormant Iranian oil field.

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