22 May 2018 - 15:08
  • News Code: 282992
Steep Growth in Iran Oil Revenues

TEHRAN (Shana) -- Iran's oil revenues nearly doubled in the period between March 21 and April 20 year-on-year, a government spokesperson said.

Addressing reporters on Tuesday, Mohammad Bagher Nobakht said the country's oil income grew by 99 percent in the month of Farvardin (the first month in the Iranian calendar year beginning on March 21 to April 20), from the same period last year.

"During Farvardin, we sold each barrel of oil at $63 while the figure was $51/b last year," he said.

He also said the country sells certain petroleum products like gas condensate at prices beyond $70/d.

News Code 282992

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