Iran allocates over $ 12 bn to boost agricultural industry

May 03, 2012 12:00 AM

The Iranian cabinet has approved the allocation of rials 150 tn (some $ 12.2 bn) to support agriculture projects this year, which began on March 20, Agriculture Minister Sadeq Khalilian said.
Moreover, rials 40 tn (some $ 3.3 bn) has been allotted to expand agricultural infrastructure, Khalilian added.

Referring to the government’s decision to import $ 24 bn worth of basic goods, he said that $ 6 bn would be paid to import agricultural inputs and goods and $ 18 bn to import raw materials for the petrochemical industry.
The Ministry of Industry, Mines and Trade will use the funds to supply basic goods this year, said Mohammad Ali Zeyghami, a deputy minister.

The credit will go toward foodstuffs, essential goods and raw manufacturing materials as well as to import products that domestic production cannot supply like rice, cooking oil, sugar, wheat, red meat and chicken.
Raw materials for petrochemicals, detergents and steel ingots are also included.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« May 2019 »
May
MoTuWeThFrSaSu
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events