Iran's oil exports plummet

Down 40% as sanctions bite, agency says

Reuters - Iran's oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country's vital oil industry, the International Energy Agency said on Wednesday. The agency, which represents the interests of major consuming nations, said preliminary indications suggested exports - the lifeblood of Iran's economy - fell to 1.5 million barrels per day in April-May from 2.5 million at end 2011. "In months ahead, Iran may need to shut in production volumes if export markets remain similarly constrained and storage fills up," the IEA said in its monthly report >>>

from PT
13-Jun-2012
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IranFirst

Less Money for Terrorists and Koor-o Katchal Muslims

by IranFirst on Wed Jun 13, 2012 07:05 PM PDT

Good News, this oil money would not have been used for Iranians anyways

Less Money for Terrorists and Koor-o Katchals around the world (Assad, Palestinians, Hezbolah, Hamas, Basij, Sudan, ...) Also less money to spread Arab Islam (build useless Masjids, ....) 


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jmyt17

KNEE

by jmyt17 on Wed Jun 13, 2012 06:45 PM PDT

 

Sanction is working very well, by next couple month it will get worse.I feel sorry for people inside Iran, but this dirty Shameless Islamist Thieves must go.

 


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divaneh

Right said Bavafa

by divaneh on Wed Jun 13, 2012 03:19 PM PDT

The bloody substance makes the government independent of the people as tax in such an economy becomes irrelevant. Reduced oil export may make life of ordinary people difficult but it weakens the the regime even more by denying it its main source of finance.


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Bavafa

I celebrate any reduction of Iranian oil export...

by Bavafa on Wed Jun 13, 2012 11:25 AM PDT

Oil has proven to be a cursing treasure for those nations who do not have the wisdom to use or manage it right.  Iranian oil has certainly been a curse for our nation by

 

1-    Super powers grip of our nation

 

2-    Looting Iranian wealth by our corrupt leaders (100 fold worse than the previous regime)

 

Perhaps with this, our people will finally get forced to rely on their own and less on this black curse

 

 

'Hambastegi' is the main key to victory 

Mehrdad


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Fred

Airtight sanctions

by Fred on Wed Jun 13, 2012 11:04 AM PDT

It is starting to bite, airtight the sanctions till the warmongering, waponized nuke acquiring, Iranian men, women and children raping, maiming and murdering  messianic Islamist Rapists, "reformers" and all  are forced out.


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