Iran oil exports remain above 1m bpd

Tehran-SANA- Iran continued to export more than one million barrels of oil per day (bpd) in the two first months of the new Iranian calendar year (March 21 – May 21).

The Oil Ministry of Iran said that “The Iranian oil export ratio is determined to maintain market share with the use of trading techniques and observe the country’s interests based on existing regulations and conventional method”.

Iran economic report revealed that oil revenues in the first two months of the current year (March 21 to May 21) experienced a 60-percent increase in comparison to the volume in the same period last Iranian year.

Iran’s income from selling crude oil, oil products, natural gas, gas liquids and condensates stood at about 8.7 billion dollars in the first three months of last year, while the oil revenue increased 60 percent in the first two months of current year.

Amer Dawa