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Lifting sanctions on Iran economically affect Kuwait Jordan News Agency (Petra) -
9/13/15
Kuwait: reported recent report of the Kuwaiti Finance Ministry report that the lifting of international sanctions on Iran would impact directly and indirectly on the economic and trade situation in Kuwait in particular through the reduction of oil prices.
He predicted the report, published by Al-Qabas newspaper, that the current oil prices fall by 14 percent, with the assumption that OPEC intervention or other organizations, to cause the lifting of supply, which would negatively affect the GCC General, Kuwait private, for approval, mainly on the export of oil crude and its derivatives.
The report pointed out that trade relations between Kuwait and Iran, dating back to the seventies stage, and with a mutual keenness of the two countries to strengthen that relationship, which clearly appeared in effect limited sanctions in that relationship, Unlike other countries, Iran's exports to Kuwait have increased during the period Sanctions by 79.5 percent, to arrive rising to 92.7 million Kuwaiti dinars in 2014 compared with 51.6 million dinars in 2011. As for Kuwaiti exports to Iran remained stable up to 25 million since 2011.
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9/13/15
Kuwait: reported recent report of the Kuwaiti Finance Ministry report that the lifting of international sanctions on Iran would impact directly and indirectly on the economic and trade situation in Kuwait in particular through the reduction of oil prices.
He predicted the report, published by Al-Qabas newspaper, that the current oil prices fall by 14 percent, with the assumption that OPEC intervention or other organizations, to cause the lifting of supply, which would negatively affect the GCC General, Kuwait private, for approval, mainly on the export of oil crude and its derivatives.
The report pointed out that trade relations between Kuwait and Iran, dating back to the seventies stage, and with a mutual keenness of the two countries to strengthen that relationship, which clearly appeared in effect limited sanctions in that relationship, Unlike other countries, Iran's exports to Kuwait have increased during the period Sanctions by 79.5 percent, to arrive rising to 92.7 million Kuwaiti dinars in 2014 compared with 51.6 million dinars in 2011. As for Kuwaiti exports to Iran remained stable up to 25 million since 2011.
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