In partnership with
  • Inside Labour: Minimum wage

    It is the workers’ labour that creates wealth and generates profits, says Patrick Craven.

  • Economic miracles

    Creating new money and lending or spending it wisely is key, say Edward Ingram and Riekie Cloete.

  • Strategy that works

    There are six steps to successful strategy implementation. Ian Mann looks at a roadmap to achieve this.

All data is delayed
Loading...
See More

Sanctions cost Iran $40bn in 2012: IEA

Feb 13 2013 12:43
AFP

Paris - Sanctions by the West on Iran succeeded in slashing Iran's oil export revenue by $40bn 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 Organization of Economic Cooperation and Development, said Iranian oil output fell to 2.65 million barrels per day (mbd) 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.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

oil industry

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you want Finance Minister Pravin Gordhan to address during his budget speech?

Previous results · Suggest a vote

Loading...