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Minister: Iran Oil Revenues Up 40 Percent, Sets Record In Gas Production

Minister: Iran Oil Revenues Up 40 Percent, Sets Record In Gas Production

Javad Oji mentioned the revenues are from gross sales of oil, fuel condensate, fuel, and oil commodities.

Oji advised Iranian MPs that over 70 million extra barrels of oil and fuel condensate have been bought prior to now 10 months in comparison with the identical interval within the earlier 12 months.

“We set a document in fuel manufacturing this 12 months as properly and we extracted 705 million cubic meters per day within the South Pars fuel subject”, mentioned the minister.

Iran’s oil and fuel sectors have been underneath harsh US sanctions over the previous years. However the nation has managed to promote oil and fuel by skirting the bans.

The US itself has acknowledged that Iran’s oil and fuel exports are persevering with regardless of the embargos.

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