Iran to cut oil output

By Agence France-Presse

Dec 14, 2021 12:07 am

TEHRAN: Iran plans to cut oil output and prioritize defense spending in its 2022-2023 draft budget because of sanctions and US-Israeli threats linked to its nuclear program.

Iranian news agencies reported that the draft, presented Sunday, projects GDP growth of eight percent.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Japan factory output declines 3.3% in August

China's top banks to boost housing market

Research shows exploitation of shrimp farmers

UK growth data disappoints in Q2

Macao poll candidate seeks diversification

US ports brace for potential workers strike

Nepal dam-building spree powers electric vehicle boom