Iran oil production projects have been reduced, Iran’s Oil Minister Bijan Zanganeh said on Tuesday, according to the official IRNA news agency.
Iran has had to reduce oil production projects because of a lack of funds and income from oil exports has decreased.
“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.
U.S. President Donald Trump pulled out of a multilateral nuclear deal with Iran in 2018 and reimposed sanctions that have hammered the Islamic Republic’s economy and reduced crude oil exports by more than 80%.
