The intermediate agreement on Iran’s nuclear program will not allow Iran increasing oil sales at the world markets, reads the statement of the US administration released on November 24, 2013. The western investors are still banned from working with Iran. The statement reads that the US plans to toughen the sanctions against the Iranian oil industry are postponed.
According to the sanctions applied by the US and European Union, Iranian oil export is limited to 1 million barrels a day. Iran was earlier allowed to sell up to 2.5 million barrels of oil a day at the world market, reported http://www.dw.de.
Voice of Russia reported that the US authorities have unfrozen the Iranian assets worth $8 billion after the agreement on the nuclear program has been reached in Geneva.—0---
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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