21 June 2022 - 15:56
  • News Code: 458438
Stunning Oil Revenue Rise under Raisi

TEHRAN (Shana) – Iran’s crude oil exports and revenues under President Raisi administration have increased dramatically given its active energy diplomacy.

The following are some of the administration’s main achievements under the administration:

** Stunning increase in crude oil exports and receipt of oil revenues from the beginning of the administration with the adoption of effective strategies and active diplomacy to neutralize the sanctions;

** Realization of 114 percent of the administration’s share of hard currency earnings from exports of crude oil, gas condensate and net natural gas exports in the calendar year of 1400 which ended on March 20 (due to increased oil sales);

** Fulfillment of more than 150% of the hard currency obligations of the Ministry of Petroleum (according to the approvals of the Supreme Economic Coordination Council) in 1400;

** Applying new methods of exporting crude oil such as bartering oil with goods or bartering oil with investment in the country and bartering crude oil and gas condensate with the demands of contractors;

** Selling crude oil using all the available capacities and identifying new oil markets and stepping in them.

News Code 458438


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