Iran’s revenues via oil, oil product exports up by 18%
Baku, Azerbaijan, July 19
By Umid Niayesh - Trend:
The Islamic Republic’s incomes through export of oil and oil products (including crude oil, condensates, natural gas, natural gas liquids-NGL, petroleum products) has registered a 18 percent increase during the last fiscal year, ended March 2018.
Tehran exported $65.818 billion worth of the products in the 12-month period, the country’s central bank (CBI) said in a report.
The country’s oil and oil products exports accounted to $19.45 billion in the last quarter of the previous year (Dec. 20, 2017-March 20) compared to $15.87 billion in the same period of the preceding year (22.5 percent more).
Iran total oil and non-oil exports in the last fiscal year hit $98.142 billion, 16.9 percent more year-on-year.
Iran’s average oil and oil product exports stood at 2.324 million barrels per day in the last fiscal year, 4.5 percent more year-on-year.
The figure for winter 2018 was 2.295 million barrels per day, 0.9 percent less compared to the exports in winter 2017.
The country’s oil output stood at 3.849 million barrels per day in the last fiscal year, registering a rise by 2.3 percent year-on-year.
According to the report, over the Iranian calendar year to March 20, 2017, the country produced 3.762 million barrels per day, indicating a 16.4 percent growth year-on-year.
Meanwhile the country’s oil and oil product exports stood at 2.224 million barrels per day during the period, 41.3 percent more year-on-year.
The Islamic Republic has exported $55.752 billion worth of oil and oil products as well as natural gas during the Iranian fiscal year to March 2017, compared to $31.848 billion in the preceding year (March 2015-2016).