Baku, Azerbaijan, Dec. 28
By Umid Niayesh- Trend:
Iranian oil and oil product exports registered a fall by 0.4 percent in terms of volume during spring, according to the latest report of the country's Central Bank released on Dec. 28.
The Islamic Republic exported 1.42 million barrels of crude oil and byproducts per day in the first three months of current fiscal year (March 21-June 21).
The country's oil output also amounted to 3.093 million barrels per day during the period, registering a 2.6 percent in comparison with the last fiscal year (ended March 21).
The report indicates that the value of country's total exports amounted for $17.68 billion during the three-month period. The figure stood at about $24.708 billion for the same period of preceding year, and $86.471 in the last fiscal year.
Iran's oil exports (including gas, gas condensate, crude oil, petroleum products, LPG and NGLs) accounted for about $10.633 billion of the total exports in the three-month period (March 21-June 21), 60.7 percent less year on year.
The Islamic Republic's revenues via crude oil and byproducts as well as gas exports stood at $55.352 billion in last fiscal year.
Iran's total imports including oil products and natural gas accounted for $12.902 billion during the spring of 2015, meanwhile oil products and natural gas imports shared $637 million of the total imports' value.
Tehran's total imports in last fiscal year stood at $65.079 billion. The share of oil products and gas imports amounted for $3.948 billion of the figure.
Iran ranks fourth in the world, with oil reserves of 158 billion barrels, but first in gas reserves with 34 trillion cubic meters, which equals 240 billion barrels of oil equivalent.
Iran produces 172 billion cubic meters of gas per annum (bcm/a), while its oil output capacity is about one billion barrels.