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FinancialNews


  • 02-02-23

    Iranian Oil Minister: nation’s oil, gas revenues increase 40 percent

    (MENAFN) Iranian Oil Minister Javad Oji has stated that the nation’s revenues from the sales of oil, natural gas, gas condensate, as well as petroleum outputs in the opening 10 months of the ongoing Iranian year (March 21, 2022-January 20, 2023) surged by 40 percent in comparison with the same time span of 2022.

    Giving a speech in an open session of the parliament on Tuesday, Oji mentioned that 70 million barrels of gas condensate were shipped in the stated time span, as reported by Mehr News Agency.

    As said by the representative, the targets set in the present year’s national budget bill for the shipments of oil and gas are going to definitely be reached by the end of this year.

    He pointed out that the National Iranian Oil Company (NIOC) has by now traded enough oil and gas and petroleum outputs to realize the budget targets by 100 percent, nonetheless raising the revenues requirements more time.

    In comments in November last year, Iranian leader Ebrahim Raisi underlined the failure of the enemy’s plan of maximum pressure, stating that the nation’s oil shipment has met the pre-restrictions amounts.

    MENAFN02022023000045014228ID1105513357

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