08242016Wed

Sanctions cost Iran $40 bn in 2012, says IEA

AFP: Sanctions by the West on Iran succeeded in slashing Iran's oil export revenue by $40 billion in 2012, the International Energy Agency said on Wednesday, as production last month hit a three-decade low point. PARIS (AFP) — Sanctions by the West on Iran succeeded in slashing Iran's oil export revenue by $40 billion in 2012, the International Energy Agency said on Wednesday, as production last month hit a three-decade low point.

The IEA, the oil monitoring and policy arm of the OECD, said Iranian oil output fell to 2.65 million barrels per day in January, down from the 3.7 mbd in late 2011 before the sanctions imposed on the Islamic Republic by the US and European Union took effect.

Search

The untold story of the 1988 Massacre in Iran

Public execution in Kazerun, Iran - August 11, 2016

Mass graves in northern Iran of victims of 1988 massacre of political prisoners

Tehran's Khavaran mass grave of victims of 1988 massacre of political prisoners