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Gov’t Orders NIOC to Deposit Oil Money in Foreign Banks

TEHRAN (FNA)- Iranian government has ordered the state oil company to deposit oil revenues only in selected banks, a move viewed as an effort to dodge toughening sanctions against Tehran.

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Oil Prices Turn Bearish Temporarily

TEHRAN (FNA)- In less than a month crude oil, which some saw hitting 200 dollars a barrel by year-end, has plunged 32 dollars but a rebound could happen, for example, over the Iranian nuclear issue, analysts say.

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