Steep Growth in Iran Oil Revenues

by Mohammad Bagher Nobakht

Addressing reporters on Tuesday, Mohammad Bagher Nobakht said the country’s oil income grew by 99 percent in the month of Farvardin (the first month in the Iranian calendar year beginning on March 21 to April 20), from the same period last year.

“During Farvardin, we sold each barrel of oil at $63 while the figure was $51/b last year,” he said.

He also said the country sells certain petroleum products like gas condensate at prices beyond $70/d.

source: www.shana.ir