Iran Says Oil Sales Have Had a ‘Staggering’ Rise Over Past Year
(Bloomberg) -- Sales of Iranian crude oil, gas condensates and petrochemical products have risen dramatically in the past 10 months, the country’s oil minister said.
Addressing lawmakers in Tehran, Javad Owji said that Iran’s budget for the year to start March 21 has factored in daily oil sales of 1.2 million barrels, the ministry’s official Shana news agency reported on Sunday.
No further details were provided, and exports weren’t mentioned.
China Gorges On Cheap, Sanctioned Oil From Iran, Venezuela
Iranian oil exports are subject to U.S. sanctions, and China remains Tehran’s only known customer.
World powers are currently trying to revive the landmark 2015 nuclear deal which had eased sanctions on Iran’s crude exports. Then-President Donald Trump pulled the U.S. out of the accord in 2018 and reimposed heavy sanctions on Iran’s economy.
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