The traditional Iran’s oil buyers – China and South Korea – have reduced oil import from this OPEC member-states, reported Financial Times.
“Last month Iran’s oil export dropped to 715,000 barrels a day. This is the lowest index since the US oil and banking sanctions were applied against Iran in January 2012,” the newspaper quoted the International Energy Agency (IEA).
“China, which is the world biggest importer of Iranian oil, reduced the purchase by 47% in October to 251,000 barrels a day. The export decline has led to reduction of oil production in Iran to 2.58 million barrels a day, which is equal to the level of 1989,” reported http://itar-tass.com.--0-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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