Feb 25 2012
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Oil Production Unchanged in Feb.
Iran maintains its crude oil production level in February despite the European Union's sanctions against the Islamic Republic's oil and banking sectors.
"The production for this month will be the same as the previous one, around 3.5 (million barrels per day)," Iran's OPEC governor Mohammad Ali Khatibi told Reuters on Thursday.
Khatibi reiterated that Iran has no problems in selling its oil to a market other than the EU, adding, "We still have customers, everything is normal."
Oil Ministry announced on February 19 that it had cut oil sales to British and French companies in response to an embargo by the EU on Iran's oil.
Despite the widely publicized claims by the US, Israel and some of their European allies that Iran's nuclear program may include a military aspect, Tehran insists that its nuclear work is civilian in nature.
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