20 June 2021 - 16:41
  • News Code: 317624
Iran says Oil Revenue Fell over $100b since 2018

TEHRAN (Shana) -- In a report on oil sales performance during the escalation of sanctions and the economic war, Iranian Minister of Petroleum Bijan Zangeneh said that in the three years of the economic war, Iran’s oil revenues fell by more than $100 billion.

According to President.ir, Dr. Hassan Rouhani, today (Sunday, June 20) at the meeting of the Government Economic Coordination Headquarters, while wishing success to the President-elect, asked the Government Economic Headquarters to provide the necessary reports on the country's economic situation and the actions taken to the President-elect.

Emphasizing that the administration’s priority has been to provide hard currency for staple commodities and medicine to increase public welfare and support the vulnerable, he added: "All administration efforts have been to provide the necessary foreign exchange earnings by resisting the sanctions by Iran's enemies."

At the beginning of the meeting, Mr. Zangeneh presented a report on the performance of oil sales during the escalation of sanctions and the US economic war on Iran.

According to the report, since 2018, with the US unilateral withdrawal from the UN Security Council and the start of Trump's economic war against the Iranian nation, Iran’s oil customers reduced their demand because of the US policy of intimidating and threatening, and this revenue decline affects all sectors, including the government budget. Affected.

In the previous Iranian calendar year which ended on March 21, in addition to US sanctions and the special circumstances caused by the global outbreak of the coronavirus, falling oil prices intensified the decline in government revenues, reducing the country's oil revenues by more than $100 billion in three years of economic warfare.

News Code 317624

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