Iran’s oil revenue jumps near 50%

January 19, 2018

TEHRAN – Iran’s revenues from crude oil and oil products exports reached 536.8 trillion rials (about $12.128 billion) in the first eight months of the current Iranian calendar year (March 21-November 21, 2017) up 49 percent compared to its preceding year’s same period.

The country’s crude oil sales reached 402.4 trillion rials (about $9.09 billion) in the mentioned time span while the figure stood at 270.4 trillion rials (about $6.1 billion) in the preceding year, IRIB news reported on Wednesday.

Iran’s revenues from crude oil and gas condensate exports exceeded $23 billion since the beginning of current Iranian calendar year (March 21, 2017), IRIB news reported on Wednesday.

According to the report citing Shana, Iran has exported 2.6 million barrels of crude oil and gas condensate on average on a daily basis.

China, India, Japan and South Korea are among the country’s main crude importers shipping in 60 percent of Iran’s total oil exports. The other 40 percent of the country’s crude exports heads to the European buyers.

EF/MA

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