Iran Economy NewsIran stops oil activities in Libya -Mehr agency

Iran stops oil activities in Libya -Mehr agency

-

Reuters: Iran has stopped its oil related activities in Libya and will evacuate staff in the next 48 hours, the semi-official Mehr news agency reported on Tuesday.

TEHRAN Feb 22 (Reuters) – Iran has stopped its oil related activities in Libya and will evacuate staff in the next 48 hours, the semi-official Mehr news agency reported on Tuesday.

“Considering the mounting political pressure in Libya, all the oil activities of the National Iranian Drilling Company have been stopped,” Mehr reported.

The move follows the suspension of activities by many foreign energy companies due to major political upheaval in the North African state.

Fifteen Iranian members of staff will be evacuated, Mehr said. The Mehr report said the Iranian company was involved in technical aspects of oil drilling.

Iran is the world’s fifth-largest oil exporter.

(Editing by Anthony Barker)

Latest news

Requirements for a Simple Life in Iran; the Unattainable Dream

It is no exaggeration to say that Iran's economy is in a major freefall. All economic indicators are suggesting...

Sale of Iran’s Historical Items; Is There Anything Left To Sell?

Some of the members of the Iranian regime’s parliament have submitted a plan on the 'optimal use of antiquities...

Iran: Bread Protests Are on Way, Stronger Than Gas Protests

Observers in Iran believe that nationwide protests and uprisings are underway following the Iranian regime’s decision to increase the...

Iran: Tax Pressure on the People and Exemption for the ‘Super Rich’

In a critical situation where most of the Iranian regime’s officials and media outlets are warning its leaders to...

Iran’s Regime and Its Expertise in Reversing the Truth

In order to get an insight into the Iranian regime’s real behavior and culture, you first need to analyze...

Capital Outflow Intensified in Iran

One of the current major crises in Iran’s economy is the capital outflow, which is implemented by the regime’s...

Must read

Diplomats say world powers talking new Iran tack

AP: The U.S. and five other world powers are...

Larijani: Iran will not abandon its nuclear program

Iran Focus: Tehran, Iran, Mar. 07 – Iran’s allies...

You might also likeRELATED
Recommended to you