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Iran nets $9.19 billion in oil revenue

Latest figures released by Iranian customs administration

US oil production to fall 5.06% over next 10 years
US oil production to fall 5.06% over next 10 years

Iran has made $9.19 billion from exporting oil & gas products in the past 10 months, Iranian customs administration report.

The report was released on Saturday and showed that $8.52 billion of Iran’s petrochemical exports came from gas condensate.
In the last Iranian calendar year, which ended on 20 March 2013, Iran earned $12 billion from exporting petrochemicals.

Nearly 60 countries, mainly from South and Southeast Asia, imported Iran’s petrochemical products in the previous Iranian calendar year.

Iran has significantly expanded the range and volume of its petrochemical production over the past few years, and the National Petrochemical Company (NPC) has become the second largest producer and exporter of petrochemicals in the Middle East after Saudi Arabia.

In terms of non-oil exports, Iran exported $5.905 billion of various products to China, $4.79 billion to Iraq, $2.923 billion to the United Arab Emirates, $2.128 billion to India and $2.22 billion to Afghanistan.

Iran’s non-oil exports included iron ore ($1.104 billion), liquefied propane ($973 million) and urea ($906 million).

Staff Writer

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