Iran, the second-biggest producer in the Organisation of Petroleum Exporting Countries before its nuclear programme prompted the European Union to ban purchases of its crude in 2012, has said it will boost production 'at any cost' to reclaim market share. Photo: AP

Iran to compete with Russia, Saudi Arabia to supply China's huge demands for oil

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Iran, the second-biggest producer in the Organisation of Petroleum Exporting Countries before its nuclear programme prompted the European Union to ban purchases of its crude in 2012, has said it will boost production 'at any cost' to reclaim market share. Photo: AP
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