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Iran oil exports rise to 1.2mn barrels per day TEHRAN: Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said Friday.Mansour Moazami, who holds the planning brief among the Islamic republic's five deputy oil ministers, said the numbers were 20 percent above forecasts and they would rise further."When the government took office, exports were around 700,000 barrels per day," Moazimi was cited as saying by Mehr, a semi-official government news agency.He said the updated figure of 1.2 million was supplemented by 200,000 barrels per day of derivative gas products from crude."Our oil exports are now 20 percent higher than in the budget numbers and we believe that in the current Iranian year they will increase further," Moazimi added.Iranian President Hassan Rouhani, a reputed moderate who succeeded hardliner Mahmoud Ahmadinejad, was elected in June, taking office in August.The rising oil exports ...

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Thursday as dealers weighed lingering concerns over the Ukraine crisis with a weaker-than-expected US stockpiles report, analysts said. New York's main contract, West Texas Intermediate for May delivery, was up 23 cents at $103.99 in mid-morning trade and Brent North Sea crude for June eased seven cents to $109.53.Singapore-based Phillip Futures said events in Eastern Europe continued "to peg crude prices at elevated levels" ahead of Geneva ...
India cuts Iran oil imports nearly a fifth in 2013/14 NEW DELHI: India's imports of Iranian crude tumbled about a fifth in the fiscal year ended in March, despite a surge of shipments in recent months that came after a deal easing sanctions on Tehran. The Geneva agreement struck between Iran and six world powers in November and implemented for six months from Jan. 20 eased some restriction on Tehran's oil trade in exchange for curbs to its nuclear programme.India, the world's fourth-biggest oil consumer ...
Brent holds near $110 on Ukraine crisis SINGAPORE: Brent oil steadied above $109 a barrel on Thursday, trading not far from a six-week high, as rising tensions in Ukraine kept the geopolitical risk premium on crude prices intact, while an upbeat view on US and Chinese demand was also supportive.With Russian troops massed on the border with Ukraine, prospects of defusing the crisis at talks in Geneva later in the day among foreign ministers from Russia, Ukraine and the United States together ...
Oil prices rise in Asian trade SINGAPORE: Oil prices rose in Asian trade Thursday on lingering concerns over the Ukraine crisis, but analysts said a bearish US stockpiles report was dampening sentiment. New York's main contract, West Texas Intermediate for May delivery, was up 33 cents at $104.09 in mid-morning trade and Brent North Sea crude for June gained seven cents to $109.67.Analysts said events in Eastern Europe continued to support oil prices ahead of Geneva talks on Thursday between Ukraine, ...
Oil prices mixed after weak Chinese GDP data SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the first quarter of the year, while investors await the latest US supply report, analysts said. New York's main contract, West Texas Intermediate for May delivery, rose six cents to $103.81, while Brent North Sea crude for June eased 18 cents to $109.18 on its first day of trading. Brent's May contract expired Tuesday.China's economy expanded 7.4 percent ...
Oil prices mixed after weak Chinese GDP data SINGAPORE: Oil prices were mixed in Asia Wednesday after data showed Chinese economic growth slowed further in the first quarter of the year, while investors await the latest US supply report, analysts said. New York's main contract, West Texas Intermediate for May delivery, rose four cents to $103.79, while Brent North Sea crude for June eased 16 cents to $109.20 on its first day of trading. Brent's May contract expired Tuesday.China's economy expanded 7.4 percent ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln