BAKU, Azerbaijan, May 2. Iran exported crude oil and gas condensate worth $4.18 billion in the first month of the current Iranian year (from March 20 through April 20, 2024), the statistics of Iran's Customs Administration said, Trend reports.
Iran's Customs Administration did not reveal the amount of crude oil and gas condensate it exported in the first month, nor the countries to which it exported them. However, Iran noted that the country's total exports of products include seven countries (China, Iraq, the UAE, Türkiye, Pakistan, Afghanistan, and Oman).
During the first month, Iran's trade turnover amounted to $10.4 billion. Trade turnover is 47 percent higher than the same month last year.
The value of Iran's crude oil exports in the last Iranian year (from March 21, 2023, through March 19, 2024) was approximately $35.9 billion.
Iran currently has 74 oil fields and 22 gas fields operating in the country.
Iran currently has 74 oil fields and 22 gas fields. There are 37 oil fields in the territory of the National Company of Iran Southern Oil Zones, 14 in the territory of Iran Central Oil Zones Company, 5 in the territory of Arvandan Oil and Gas Production Company, and 18 in the territory of Offshore Oil Company. Additionally, Iran's South Oil Zones National Company operates 5 gas fields, Central Oil Zones Company operates 13, Pars Oil and Gas Company operates 1, and Offshore Oil Company operates 3.
To note, Iran's total hydrocarbon reserves amount to 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.
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