Iran's oil revenues reach $40 bn
Azerbaijan, Baku, August 28/Trend/
Iran's oil revenues during the first five months of current solar year(started on March20,2011) reached near $40 billion, Mehr News Agency reported.
Iran currently exports more than 2,250 million barrels of crude oil to global market and it's expected to increase the volume in coming weeks.
Price of Iran's oil exports increased by $1 due to recent international sanction against Syria and possible reduce of oil export in this country which creates good opportunity for Iran's oil export.
Despite fluctuation of oil price Iran's oil revenues in first five months of current year reached $40 billion and expected to reaches $80 billion by the end of year.
OPEC reported Iran's oil production in 2010 was 3.54 million barrels per day and it's oil export valued $71,571 billion.
Iran has OPEC's second-highest oil output, and ranks second in the world in terms of natural gas reserves after Russia.