26 Mar '16, 2pm

Iran, Iraq explore non-oil economic ties: The Iranian government aims to boost its non-oil trade rel...

Iran, Iraq explore non-oil economic ties: The Iranian government aims to boost its non-oil trade rel...

Though sanctions relief means more Iranian oil on the market, the Iranian government has tried to make its economy less dependent on oil for revenue. Moody’s Investor’s Service in February said the Iranian economy is more diverse than other oil exporters in the region. Working under the pressure of Western economic sanctions meant Iran had to retool its economy and adapt to lower oil revenues before crude oil prices started their swift decline from $100 per barrel, the credit-rating agency said.

Full article: http://peakoil.com/publicpolicy/iran-iraq-explore-non-oil...

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channelnewsasia.com 20 Mar '16, 7am

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