Mediaboss Marketing

TEHRAN, Jan. 2 (UPI) -- 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.

View original post here:
Iran's non-oil exports on the rise

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters.

Hossein Amir Abdollahian described Saudi Arabia's inaction in the face of a six-month slide in oil prices as a strategic mistake and said he still hoped the kingdom, Tehran's main rival in the Gulf, would respond.

Oil prices closed on Wednesday at a 5-1/2 year low, registering their second-biggest ever annual decline after OPEC oil exporters, led by Saudi Arabia, chose to maintain oil output despite a global glut and calls from some of the cartel's members - including Iran and Venezuela - to cut production.

"There are several reasons for the drop of the price of oil but Saudi Arabia can take a step to have a productive role in this situation," Abdollahian said.

Read MoreOil at $14 a barrel? Here's how it could happen

"If Saudi does not help prevent the decrease in oil price ... this is a serious mistake that will have a negative result on all countries in the region," Abdollahian said in an exclusive interview on Wednesday evening.

His comments highlight continued tensions between the Shi'ite Muslim republic and Sunni Muslim kingdom, locked in a battle for regional power and influence despite hopes of rapprochement since the inauguration of Iran's President Hassan Rouhani in August 2013.

Abdollahian said Iran would have more discussions with Saudi Arabia about the oil price, both through oil officials at OPEC and through the foreign ministry. He did not give specific details on when any meeting might take place.

Saudi Arabia said last month that it would not cut output to prop up oil markets even if non-OPEC nations did so.

Continue reading here:
Iran says Saudis should move to curb oil's fall

Irans non-oil exports increased to $35bn since the start of the current Iranian year (March 21, 2014), an official announced on Thursday, according to Fars News Agency.

The Head of Irans Customs Administration, Masoud Karbasian, told the state-run news agency that the highest figure of exports in the country belonged to Hormozgan Province which was followed by Khuzestan.

He put exports from Shalamcheh border at $777m, and added that 500 truckloads of exported goods transport from Shalamcheh to Iraq on a daily basis.

Construction materials, petrochemical items, fruits and vegetables are the main Iranian commodities exported to Iraq, the official said, adding that Khuzestan province has a special place in the transit of passengers as well as imports and exports of goods, especially in the port of Khorramshahr and Abadan.

Irans non-oil exports increased 20 per cent in the first eight months of the current Iranian year (March 21, 2014 November 22, 2014) as compared with last years corresponding period.

The value of non-oil exports since the start of the current year has increased by over 20 per cent compared with the same period last year, the Head of Irans Trade Promotion Organisation, Valiollah Afkhamirad, said in December, addressing a forum in Kerman Province, Southern Iran.

He noted that Iran exported $31.5bn worth of non-oil goods in the said period.

Also in December, Iranian President, Hassan Rouhani, underlined his governments plans to boost non-oil exports to $50bn next year.

One of the most important topics of the governments economic plans is increasing non-oil exports and this growth will help our economy, Rouhani said in Tehran, addressing an open session of the parliament in which he presented the budget bill for the next Iranian year (to start on March 21) to the legislative body.

We hope to see a considerable share of non-oil exports next year and by continuing this trend, (the country revenues from) non-oil exports will surpass $50bn, he added.

Visit link:
Irans non-oil exports reach $35bn

How Powerful is Iran?
Subscribe! http://bitly.com/1iLOHml Iran is considered to be one of the strongest nations in the Middle East with an advanced nuclear program, despite UN sanctions. Is the nation powerful...

By: TestTube

Read the original here:
How Powerful is Iran? - Video

Faces of Medieval Middle east : Iran
The ancient Persian religion of Manichaeism made considerable use of images; not only was the founding prophet Mani (c.216276) a professional artist, at least according to later Islamic...

By: El Cid Al-Moussawi

View original post here:
Faces of Medieval Middle east : Iran - Video