Iran Reaches Positive Net-of-Oil Trade Balance for First Time in 37 Years
Sputnik — 04.04.2016
Iranian exports excluding oil trade have exceeded imports for the first time in 37 years, Iranian President Hassan Rouhani said on Monday.
“The government has tried to step by step reduce dependence on oil revenues, and for the first time in the history of post-revolutionary Iran [after 1979], in 2015-2016, our export revenues exceeded import spending without taking into account oil trade,” Rouhani was quoted as saying by the IRINN broadcaster.
Rouhani added that Iran’s oil exports continue to grow, reaching two million barrels per day, and Iran will continue to seek to increase this figure.
Iran has been boosting its oil sales after a deal with the P5+1 group of world powers — including Russia, the United States, China, France and the United Kingdom plus Germany — in July to monitor and limit Tehran’s nuclear program in exchange for the easing of international sanctions.
In February, the head of the National Iranian Oil Company said that the country aims to raise its daily oil exports to 4.7 million barrels.
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Hands off ‘our hemisphere’ or Venezuela pays the price: US Senator warns Russia
RT | February 13, 2019
The US staked a claim on half the world, as Senate Armed Services Committee chair Jim Inhofe said Washington might have to intervene in Venezuela if Russia dares set up a military base not just there, but “in our hemisphere.”
“I think that it could happen,” Inhofe (R-Oklahoma) told a group of reporters on Tuesday. “You’ve got a guy down there that is killing everybody. You could have him put together a base that Russia would have on our hemisphere. And if those things happen, it may be to the point where we’ll have to intervene with troops and respond.”
Should Russia dare encroach on the US’ neck of the woods, Inhofe said: “we have to take whatever action necessary to stop them from doing that.” … continue
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