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Iran plans to launch exclusive oil customs

Business Materials 6 April 2012 14:20 (UTC +04:00)

Azerbaijan, Baku, Apr. 6/ Trend F.Milad/

The Customs Administration of Iran plans to launch a customs department exclusive for the oil industry, the customs director Abbas Memarnejad said on Friday, Mehr reported.

Memarnejad said that agreement has been made with oil officials in order to import goods required for the oil industry through the customs.

Iran managed to scale up trade with 160 countries of the world in the past calendar year, which ended on March 19, despite the global economic sanctions against the Islamic Republic, Memarnejad said on April 3.

Non-oil trade balance decreased to $17.9 billion last calendar year from $30.5 billion the year before, he added, IRNA news agency reported.

He added that exports rose by 28 percent year on year, while imports declined by 4 percent.

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