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Iran Oil

In: Business and Management

Submitted By miladf123
Words 1245
Pages 5
IRAN OIL AND SANCTIONS

MGT5A6

Issues in contemporary management

Contents
Introduction…………………………………………………………………………………………………..3
About Iran oil…………………………………………………………………………………………………3
About Iran Sanctions and problems…………………………………………………………….3-4
Group recommendation………………………………………………………………………………4-5
Bibliography………………………………………………………………………………………………….6

Introduction:
This report focuses on Iran national oil company and sanction regarding the atomic energy in Iran and how people in Iran dealing with this problem.

About Iran oil:
According to OPEC Iran comes second in the world with highest level’s of oil reserves estimated at 150 billion barrels and this is ten percent of total proven reserves in petroleum.
Iran is the fourth largest producer of oil in the world and second largest after Saudi Arabia in Middle East but this was all before the sanction.

Sanction against Iran and problems:
Sanctions against Iran are commonly against nuclear and certain military exports to Iran and this have been affecting all Iranian people around the world.
Sanction started five years ago and day by day they make it harder for Iranian people and USA and all the European countries said many times in news that we don’t have anything against Iranian people, we just want to make your government to stop nuclear progress but this didn’t effect Iranian governments but since 2011 the crises start hitting Iranian much more then before, even the price of the product’s and services increased four times more then before in less then a year and the value of Iranian currency dropped more then 46% in less then four months and few thousand people lost they job.
One of the things that effected the most, was Iranian people who live out side Iran because they even wrote a new law for all the countries in sanctions against Iran to not deal with any Iranian person, even banks refused to…...

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