Azerbaijan, Baku, April 11 / Trend D.Khatinoglu /
Iranian Oil Minister Rostam Qasemi said the country's oil exports reached to $60 billion despite sanctions imposed by the U.S. and the EU, the Mehr News Agency reported.
He didn't mention any figure about Iran's oil export volume, however he claimed that Iran's oil export during last solar year (ended on March 19) increased and the figures of oil revenues is increasing.
According to United States Energy Information Administration statistics, Iran's oil revenues in 2010 was $73 billion.
parliament's economic committee, Gholamreza Mesbahi- Moghadam told Mehr News Agency on Dec.24 that Iran will earn $110 billion from crude oil production in the Iranian calendar year that ends March 19.
According to OPEC statistics, Iran's oil output has declined from 4.1 mbpd to 3.4 mbpd since 2010.
Qasemi emphasized that domestic resource can replace the foreign companies significantly, saying domestic companies are completing South Pars's each phases (19 phases are under development) in 36 months, while the foreign companies like Total operated the same
project in 60 months.
Qasemi rejected Iranian oil export decline, saying the customers queue to buy Iranian oil.
Last week Reuters reported that Japan, South Korea and China have decreased Iranian oil imports by 22 percent in total.
Spain and Greece, Iran's major oil importers in EU have cut Iranian crude oil purchases since last week as well.
South Africa, which imported 4 percent of Iranian exported oil, also cut Iranian oil imports since March. Iran's crude oil production could fall by 1 million barrels per day by
the end of June to below 2.5 million bpd, JPMorgan said in note on Thursday, saying refiners have cut demand for oil from the Islamic Republic faster than previously expected, Reuters reported.
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