Iran's net oil export revenues amounts to $29 bln in January-April

Oil&Gas Materials 11 May 2012 13:20 (UTC +04:00)

Azerbaijan, Baku, May 11 / Trend A.Badalova/

Iran's net oil export revenues amounted to $29 billion in January-April of 2012, the U.S. Energy Information Administration (EIA) reported.

According to the EIA estimates, the country earned $95 billion in net oil expport revenues in 2011.

Iran is major oil exporter within OPEC. The importer of Iranian oil is Asia including Japan, China and South Korea and European countris.

EIA said that Iran's per capita net oil export revenues amounted to $424 in January-April, 2012. In 2011 the country's per capita oil export revenues, according to EIA estimates, was $1,409.

EIA predicts OPEC to earn an estimated $1,154 billion of net oil export revenues in 2012 and $1,117 billion in 2013. Last month EIA predicted OPEC net oil export revenuest at $1,171 billion for this year and at $1,133 billion for the next year. According to the estimates, in 2011 OPEC earned $1,026 billion in net oil export revenues, a 33 percent increase from 2010.

Saudi Arabia earned the largest share of these earnings, $311 billion, representing 30 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earnings reached $2,683 in 2011, OPEC said.