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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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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