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Iran's 9-month oil revenues top $29bn

TEHRAN, January 15, 2017

Iran's oil revenues have reached $29 billion in the first nine months of the current Iranian calendar year ending March 20, according to a top official with the Petroleum Ministry.

Iran's exports of oil and oil condensates have doubled in comparison to the figure before the implementation of the Joint Comprehensive Plan of Action (JCPOA), Amir-Hossein Zamani Nia, Deputy Petroleum Minister for International and Commercial Affairs was quoted as saying by Irna.

In a November 30 meeting, Opec member states agreed to cut production for the first time since 2008 in a bid to raise prices.

However, Iran was been exempted from the Opec decision for cutting production so that the country can increase production to the level before the imposition of sanctions, the report said.




Tags: Iran | Opec | oil production |

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