Iran General NewsSanctions cost Iran $40 bn in 2012, says IEA

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.

Latest news

The Truth of a Human Disaster in Iran

Equal participation of all the people in creating the law of a country is one of the main necessities...

Incompetency of Iran’s Politicians in Economy and a Suffering Country

Iranian politicians would be able to prevent any mistakes in the field of the economy if they would focus...

Rezaei Resigns as Secretary of the Expediency Council, Who Is His Replacement?

Mohsen Rezaei has resigned his position as Secretary of the Expediency Council of Iran after more than 20 years...

Real History of Iran’s ‘Holy Defense’

On September 22, 1980, the Iran-Iraq war began a war that was imposed by the regime’s first supreme leader...

Iran: Raisi’s UNGA Speech Filled With Lies and Support of Terrorism

The Iranian president Ebrahim Raisi gave his anticipated address to the United Nations General Assembly (UNGA) on Tuesday, despite...

Iran Government’s Economic Crisis Has No Solution

Despite the Iranian government’s rumors of fighting and eliminating corruption, increasing the people’s wages, removing the subsidies of the...

Must read

Iranians Call for Dissolution of IRGC

By Pooya Stone Questions asked in Iran’s state-run television Channel...

Iran’s Economy Looks Bleak According to World Bank and IMF Reports

By Pooya Stone The World Bank (WB) and the...

You might also likeRELATED
Recommended to you