In Iran, the new Iranian government announced on Thursday (22 February) that Iranian oil exports would resume "in a matter of days".
In Iran, the new Iranian government announced on Thursday (22 February) that Iranian oil exports would resume "in a matter of days". The announcement came despite demands by Iranian oil workers to suspend supplies to Western oil companies and to expel foreign oil experts.
SYNOPSIS: Before the Islamic revolution halted Iran's oil exports on December the twenty-sixth last year, production ran at more than five million barrels a day -- ten percent of the West's oil supplies. Now, Iran's announcement that it will re-activate this prosperous export market has brought strong protests from Iranian oil workers. Demonstrations, like this one at the Abadan oil refinery near the head of the Gulf, were staged following Thursday's announcement.
Reuters news agency reports that oil workers, who claim their pre-revolution strikes helped depose the Shah, want more control in the production and sale of oil. They want the government to suspend agreements with the West and expel foreign oil experts. But Iran's Prime Minister Mehdi Bazargan has appealed for workers to support the resumption of oil exports, claiming they are vital to restoring the shattered economy.