Welcome, Guest! - or
Easy to remember!  »  VinNews.com

Iran - Oil Exports Down 40% Due To Western Sanctions

Published on: January 7, 2013 02:20 PM
By: AP
Change text size Text Size  
Bookmark and Share
A file photograph showing an Iranian security guard walking in front of the Mahshahr petrochemical complex in Khuzestan province south western Iran. EPA/ABEDIN TAHERKENAREHA file photograph showing an Iranian security guard walking in front of the Mahshahr petrochemical complex in Khuzestan province south western Iran. EPA/ABEDIN TAHERKENAREH

Iran - A senior lawmaker says Iran’s revenues from oil and gas exports have dropped by 45 percent because of sanctions over its suspect nuclear program.

Advertisement:

It was a clear admission that the sanctions are having a severe impact, but Iran refuses to reign in its program.

Gholam Reza Kateb, head of the parliament’s budget committee, says oil exports dropped 40 percent in the last nine months, cutting revenue dropped 45 percent. He was quoted Monday by the semiofficial ISNA news agency. Banking sanctions caused part of the drop.

Iran is under U.N. sanctions and Western oil, banking and trade restrictions over its refusal to halt uranium enrichment.

The U.S and its allies believe Iran of may be aiming to produce nuclear bombs, a charge Tehran denies.


More of today's headlines

New York, NY - A suspect in an alleged al-Qaida plot against the New York City subways also was part of a terror campaign that would have targeted Britain and Norway... Jerusalem - One hundred and twelve terror attacks were perpetrated against Israel in December 2012, according to statistics released by the Shin bet (Israel Security...

 

You can now automatically hide comments - New!

Don't worry, you can always display comments when you need to.

Total0

Read Comments (0)  —  Post Yours »

1

Sign-in to post a comment

Scroll Up
Advertisements:

Sell your scrap gold and broken jewelry and earn hard cash sell gold today!