Iran’s Oil Revenues at $60b

Iran’s crude oil revenues in the last Iranian calendar year reached $60b – with oil exports making up $51.15b of the mentioned amount. The sale of petroleum by-products made up the rest of the figure.

The said figure would be raised to $62b if the revenues gained through crude oil swap are taken into consideration.

According to the same report, the average price of Iran’s light crude oil in the said period was $ 59.86 per barrel, while that of heavy crude oil stood at $57.99 per barrel.

A report jointly prepared by Iran’s Central Bank and National Iranian Oil Company (NIOC) has estimated that Iran’s oil revenues in the last Iranian year rose by $15b compared with the year earlier, which had been estimated at $45.615b.

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