By Fatih Karimov – Trend:
Baku, Azerbaijan, Aug. 29
The Iranian administration has managed to revive crude oil and condensate export, leading it to the pre-sanctions level, the Islamic Republic President Hassan Rouhani said.
During a six month-period after implementation of the nuclear deal, Iran’s crude oil and condensate exports increased from 2.7 million to 3.8 million barrels per day, Rouhani said, IRNA news agency reported Aug. 29.
The international sanctions against Tehran had caused Iran’s crude oil production to drop by about one million barrels a day in recent years.
But achievement of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the P5+1 group (Russia, China, the US, Britain, France and Germany), terminated all nuclear-related sanctions on the Islamic Republic. The agreement took effect on January 16.
Rouhani further said that his administration has moved towards self-sufficiency in wheat production, which is an honor for the country’s agriculture sector.
He said that the country’s wheat storage valume stands at over 14 million tons.
Food security is a serious matter for Iran given the size of its population, which has grown to over 80 million, while the country’s food basket is shrinking.
Wheat is the main crop cultivated in Iran, accounting for almost 70 percent of aggregate cereal production.
Elsewhere in his remarks, Rouhani said that stabilizing the market is one of the main achivments of his adminstration since 2013.
During the last three years the point-to-point inflation rate has decreased from 45 percent to eight percent, Rouhani said,adding that this is an unprecedented achivment in the country’s history.
Economic growth has reached 4.4 percent, the Iranian president said, expressing hope that the countyr would experience economical boom by March 2017.