Iran & 6 Major Powers Reach Nuclear Deal

Iran and six major powers agreed early Sunday on a historic deal that freezes key parts of Iran’s nuclear program in exchange for temporary relief on some economic sanctions.

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Iran Hopes to Join BRICS Group

 

Iran is looking to joint BRICS and contribute to its reserve fund.

 

Iran is searching an alternative to subvert US-imposed sanctions.

 

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OPEC Published Annual Statistical Bulletin 2012

16 July 2012

 

The OPEC Secretariat released the online edition of its 2012 Annual Statistical Bulletin (ASB).

 

The ASB is a compilation of statistical data about global petroleum industry and activities (oil and gas natural)  in OPEC’s 12 Member Countries (Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, U.A.E. and Venezuela) as well as in non-OPEC oil producing countries around the world.

 

To download the pdf version of the ASB, please visit the OPEC’s website.

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SWIFT Excludes the EU-sanctioned Iranian Banks

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, cuts the EU-sanctioned Iranian banks out of the system following an EU Council decision. The measure will come into force at 1600 GMT on Saturday, March 17th.

 

Lázaro Campos, CEO of SWIFT: “Disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial sanctions against Iran.”

 

SWIFT is a member-owned association that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 210 countries.

 

For more information, please refer to SWIFT and Council of the European Union.