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FinancialNews


  • 14-12-22

    EIA: Iran earns USD34B of oil income in 7 months, indicates weakening in sanctions

    (MENAFN) U.S. Energy Information Administration (EIA) in a latest report has recorded Iran’s oil incomes gained in the opening seven months of this year at USD34 billion, only five billion lower than Iran’s overall oil income in the previous year.

    According to the EIA report, Iran's average month on month revenue from oil trades in that stated period has stood at USD4.85 billion, 49 percent higher than the average month on month revenue in the last year which stood at USD3.25 billion.

    Iran's oil income in the stated seven months is double the overall revenue two years ago, showing that the effect of the United States restrictions versus Iran are getting weaker.

    Iran gained USD 17 billion in oil income two years ago as well as USD39 billion last year, and in line with EIA, the Islamic Republic’s oil income is going to amount to USD58 billion this year.

    EIA has put the overall oil revenue of 13 OPEC associates in the stated months at USD500 billion.

    MENAFN14122022000045014228ID1105308209

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