The Iran Project
: Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost, a report by the Western media has said.
Monday 22 April 2024 - 01:38
Story Code : 420084
Source : Mehr News
Iran oil exports hit six-year high: report
Iran’s success in exporting its crude underscores the difficulties facing the US and the EU as they seek to build up pressure on Tehran, the Financial Times reported as cited by the news service of Iranian oil ministry-SHANA.
“The Iranians have mastered the art of sanctions circumvention,” said Fernando Ferreira, head of geopolitical risk service at the Rapidan Energy Group in the US.
The Iranian oil industry had found ways to get around sanctions.
Iran’s Oil Minister Javad Owji said last month that oil exports had “generated more than $35bn” in the preceding year. On another occasion, he said that while Iran’s enemies wanted to stop its exports, “today, we can export oil anywhere we want, and with minimal discounts”.
Iranian Oil Minister Javad Owji said Wednesday that Iran recorded a 20% increase in oil and gas production last year of 1402 (March 21, 2023-2024) in the Iranian calendar, predicting a higher production this year.
Reporter : Editorial of The Iran Project
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