...

Iran's technical and engineering service exports hit $2.2 billion

Business Materials 11 February 2013 16:02 (UTC +04:00)

Azerbaijan, Baku, Feb.11/ Trend F.Milad

Iran has exported 2.2 billion dollars' worth of technical and engineering services in the past eight months, head of the Association of Iranian Exporters of Technical and Engineering Services, Mohammad Reza Ansari, said on Monday.

Over 14,000 Iranians are working in foreign countries, the ISNA News Agency quoted Ansari as saying.

The US-generated sanctions have made it very hard for the private sector to export technical and engineering services, he added.

Ansari also predicted that this year's total technical and engineering export value will fall compared to the previous year's figure of 4.2 billion dollars.

Over 120 Iranian companies implemented several development plans in 60 countries last year.

Ansari had previously said that the Iranian companies have the potential to annually carry out projects worth up to 20 billion U.S. dollars in different countries.

Iran's overall trade volume in the first 10 months of the year stood at 78.2 billion dollars. Exports accounted for 34.5 billion dollars of the amount.

Iran plans to export 51 million dollars' worth of non-oil goods and technical and engineering services by the end of current Iranian year.

At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran's oil and financial sectors with the aim of preventing other countries from purchasing Iranian oil and conducting transactions with the Iranian Central Bank.

U.S. sanctions came into force on June 28, while EU bans on Iranian oil imports began on July 1. In October, the EU approved another major package of economic sanctions against Iran.

Latest

Latest