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Iran Sanctions May Not Cause Oil Shortage In Nigeria – Says, Petroleum Minister

Iran Sanctions May Not Cause Oil Shortage In Nigeria – Says, Petroleum Minister

U.S. sanctions on Iran won’t necessarily translate into a global shortage of oil, according to Nigerian Petroleum Minister Emmanuel Ibe Kachikwu. “Everybody assumes that once they put the sanctions on Iran, you’re going to lose that production,” Kachikwu said in Cape Town, appealing for patience until there’s more clarity on the impact of the penalties. […]