Azerbaijan, Baku, Nov. 2 /Trend S.Isayev, T. Jafarov/
Despite sanctions, Iran has gained some $30 billion worth of oil revenues in the first five months of current Iranian year (ends March 20), member of the Majlis (parliament) National Security and Foreign Policy Commission Ebrahim Aqa-Mohammadi said, Fars reported.
While Aqa-Mohammadi said that the sanctions have somewhat affected Iran's economy, there is plenty of money in the country.
In October, the EU announced tighter restrictions on trade with Iran, adding to already comprehensive international sanctions aimed at forcing Tehran to halt its nuclear program.
Previous U.S. and EU measures slashed Iran's crude oil exports, hitting its hard currency earnings and contributing to a plunge in the rial's value.
The International Energy Agency estimated its crude exports at 860,000 bpd in September, down from 2.2 million bpd at the end of 2011.
Aqa-Mohammadi noted that the sanctions have also helped to push Iran towards becoming self-sufficient in producing fuel, and further continuing its nuclear research.