Subscribe free to our newsletters via your
. Space Travel News .




OIL AND GAS
Iran's non-oil exports on the rise
by Daniel J. Graeber
Tehran (UPI) Jan 2, 2015


disclaimer: image is for illustration purposes only

Non-oil exports from Iran have increased by around 20 percent since March as the economy broadens its diversity, a customs official said.

Masoud Karbasian, director of the Iranian Customs Administration, said non-oil exports from the beginning of the Iranian year, which starts in March, increased to $35 billion, or about 20 percent year-on-year.

The director said construction materials, as well as petrochemicals and produce, were among the major non-oil products exported from the Islamic republic. Non-oil exports from a border crossing to Iraq are valued at $777 million per day, he added.

Traditionally, Iran relies heavily on oil for revenue. With sanctions restricting oil exports, the government has worked to advance other parts of the economy.

Ali Taieb Nia, Iran's minister of economic affairs and finance, told a joint meeting of the World Bank and International Monetary Fund in October the strategy was working.

"Bright economic outlook and signs for growth and recovery have appeared," he said.

Iranian President Hassan Rouhani in December said the government aimed to increase non-oil exports to $50 billion by the next calendar year.

The low price of oil, meanwhile, is putting pressure on an already-limited oil export climate for Iran. Rouhani described the decline in crude oil prices as a conspiracy launched by Iran's rivals.

Saudi Arabia, seen as the kingpin of the Organization of Petroleum Exporting Countries, last month said it was keeping its oil production steady despite a market already skewed toward the supply side.

Iran's former President Ali Akbar Hashemi Rafsanjani, head of the powerful Expediency Council, said the purpose of the 12-member OPEC, of which Iran is a member, is to support the interests of oil producers.

Iran has said it favors a market where oil sells for around $100 per barrel, about 45 percent higher than current prices.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Venezuelan economy slips into recession
Caracas, Venezuela (UPI) Dec 31, 2014
Venezuelan President Nicolas Maduro said he'd unveil economic reform efforts next year as an economy linked strongly to oil prices slips into recession. The Central Bank of Venezuela said the collapse in oil prices was in part to blame for a 2.3 percent drop in third quarter gross domestic product. That marks three straight quarters of decline for the member of the Organization of Petro ... read more


OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

Russia Launches Soyuz-2.1b Rocket Carrying Satellite: Defense Ministry

Russia Launches European Communications Satellite Atop Proton-M Rocket

SpaceX to attempt landing a rocket on ocean platform

OIL AND GAS
Mars mission boost welcomed by scientists

Tales from a Martian Rock

Russian scientists 'map' water vapor in Martian atmosphere

Flying over Becquerel

OIL AND GAS
'Shooting the Moon' with Satellite Laser Ranging

Moon Express testing compact lunar lander at Kennedy

UK Plans to Drill Into Moon, Explore Feasibility of Manned Base

Carnegie Mellon Unveils Lunar Rover "Andy"

OIL AND GAS
Swarms of Pluto-Size Objects Kick Up Dust around Adolescent Sun-Like Star

On Pluto's Doorstep, NASA's New Horizons Spacecraft Awakens for Encounter

New Horizons Wakes Up on Pluto's Doorstep

NASA craft to probe Pluto after nine-year journey

OIL AND GAS
Stretched-out solid exoplanets

Kepler Proves It Can Still Find Planets

NASA's Kepler Reborn, Makes First Exoplanet Find of New Mission

Super-Earth spotted by ground-based telescope, a first

OIL AND GAS
Angara-A5 Launch Opens New Page in Russia's Space Exploration

Russia successfully test-launches new rocket

India launches biggest ever rocket into space

ISRO to Test-Fly Heaviest Rocket, Crew Module on December 18

OIL AND GAS
China's Long March puts satellite in orbit on 200th launch

Countdown to China's new space programs begins

China develops new rocket for manned moon mission: media

Service module of China's returned lunar orbiter reaches L2 point

OIL AND GAS
Philae probing comet with hours left on battery

Comet probe in race against time to crown stellar feat

Risky Business

Rosetta comet-landing is Science's 2014 breakthrough




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.