Azerbaijan, Baku, Apr.28/ Trend R.Zamanov
Iran's oil export revenues dropped by 30 per cent in the previous Iranian calendar year (which ended March 20) due to the sanctions, Deputy Iranian Minister of Economic Affairs and Finance Davoud Manzour said on Sunday.
The sanctions have resulted in lower oil exports which consequently led to a sharp fall in the country's oil export revenues, the Mehr News Agency quoted Manzour as saying.
He went on to note that the country's inflation reached 40 per cent in the final days of previous year.
Iran's non-oil exports revenue also dropped to 10 billion dollars from its preceding year's figure of 15 billion dollars, Manzour said.
The country's gas condensates exports also fell to 2 billion dollars, he explained.
Energy Information Administration of the United States estimated during releasing a report on April 26 that Iran's net oil export revenues were $69 billion during 2012.
According to the report, in 2012, Iran's exports of crude oil and lease condensate dropped to their lowest level since 1986 as the United States and the European Union (EU) tightened sanctions targeting Iran's oil sector.
"Iran's 2012 net estimated oil export revenue, at $69 billion, was significantly lower than the $95 billion total generated in 2011", the report said.
Iran's exports of crude oil and lease condensate declined to approximately 1.5 million barrels per day (bbl/d) in 2012, compared to 2.5 million bbl/d in 2011.