With Iran's spectacular endowment of oil and gas, it is easy to forget that decades of isolation have forced Iran to diversify its economy to the point that oil and gas only account for 25% of GDP.

Potential investors and businesses are enjoying a new found freedom, despite the challenges facing those looking to enter the biggest market to hit the global stage since the fall of the Soviet Union.

Iran's banking Sector is ready for the influx of investors and new business in the new year, 1395.

The new Persian New year is starting soon. 1395 will begin 21st of March. The Market will be closed in Iran for two weeks. not all the days are off, but we know by experience, trade will be off during these two weeks. especially transportation will be interrupted seriously.

For the next year, which will be started soon, with void sanctions against Iran, the oil and petrochemical products market will be HOT!

RPO

Rubber Process Oil ended up this year around 230 USD per MT FOB Bandar Abbas

Oil products market in Iran is extremely affected by upcoming new year's holidays. According to the projections made this week due to increased demand and making some limitations on land transport, the prices of raw material have increased by $ 5 in average per Metric Ton.
This is the last week of Iranian year and with the start of Norouz (New Year), we will face some problems in transit port for at least 10 days.
However, we will try to serve all of our customers during the vacations.

Buy-Bitumen.com: Oil prices are set to fall after couple of co-incidents, 5 reasons Chris Pedersen writes bellow and latest failure OPEC made in their meeting last Thursday. We believe this fall is dangerous for future of world economy, because it can cause in a boom later in the prices, as some of oil producers will go out of production due to low prices of oil and high expenses of extraction.