Official: Iran oil exports rise by 70 percent
Azerbaijan, Baku, Oct.13 /Trend G.Mehdi/
Iran oil exports has increased by 70 percent since the Iranian calendar month of Shahrivar (started on August 22), compared to the same preceding period of time, member of the Iranian parliament (Majlis), Mohammad Ali Abdollahzadeh, said on Saturday.
Abdollahzadeh also confirmed the possible increase in oil sector's share of budget, the Mehr News Agency reported.
Iran's oil industry needs a greater share of budget next year to accelerate the projects' development, Managing Director of National Iranian Oil Company Ahmad Qalebani said on Friday.
"We led successful negotiations with the MPs and we expect a rise in oil industry's share of budget," the Shana News Agency quoted Qalebani as saying.
Qalebani had previously said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.
However, the IEA, an adviser to 28 industrialised countries, reported on Oct.12 that Iranian exports slipped to 860,0000 bpd in September, a new low. Shipments were 2.2 million bpd at the end of 2011.