Azerbaijan, Baku, Jul.6/ Trend F.Milad/
The Central Bank of Iran's latest statistics show that the country earned up to $11 billion per month by selling crude oil, natural gas and byproducts in the past calendar year, which ended on March 19.
The ISNA News Agency quoted the central bank's report as saying that the revenue was around $7.2 billion monthly to March 19, 2011.
The report added that during 2007-2010, Iran earned over $237 billion in selling crude oil, natural gas, condensates and other byproducts.
Ahmad Qalebani, Iran's deputy oil minister and managing director of the National Iranian Oil Co., told Press TV Iran's oil industry won't be harmed by the EU oil embargo, which went into effect Sunday.
"Due to the policy of reducing the European share of Iranian oil exports in recent months, the volume of oil imports by the European countries has now reached a level that new substitutes can be easily found for them," Qalebani said Sunday.
He noted Iran exported 500,000 barrels per day to the EU member states last year, but due to the recent policies, that had now dropped to 200,000 to 300,000 barrels.
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