“An Iranian oil rig that cost $40 million and weighs more than 4 million pounds sank in the Persian Gulf last week, news.com.au reports.  Workers rushed to get off the rig—which belongs to Iran’s Revolutionary Guard and took 30 months to build—as it disappeared into Iran’s South Pars gas field in about 10 seconds.  Last month Iran’s oil minister acknowledged in a report that oil sales were down 40 percent and income dropped 45 percent in the previous nine months, largely because of U.S. sanctions aimed at curbing the country’s disputed nuclear program.  Nevertheless, China has been purchasing more in recent months.”

http://www.businessinsider.com/40-iranian-oil-rig-sinks-in-the-persian-gulf-2013-2

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