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Ever since the late Iranian President Ebrahiam Raisi took power in August 2021, the country’s oil exports have been on an upward trajectory. The rise in Iran’s oil exports has taken place despite tough U.S. sanctions which aimed to choke off Iran’s oil industry as a main source of revenue for the Islamic Republic.
Financial Times cited figures by data company Vortexa last month noting that Iran was exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost.The report said that Tehran sold an average of 1.56mn barrels a day during the first three months of 2024, almost all of it to China and its highest level since the third quarter of 2018.
“The Iranians have mastered the art of sanctions circumvention,” said Fernando Ferreira, head of a geopolitical risk service at the Rapidan Energy Group in the U.S.Iran’s oil minister Javad Owji said in March that oil exports had “generated more than $35bn” in the preceding year. On another occasion, he said that while Iran’s enemies wanted to stop its exports, “today, we can export oil anywhere we want, and with minimal discounts”.
این مطلب بدون برچسب می باشد.
Chairman of the Board of Directors of the Association of Iran’s Rubber and Tire Producers said 80 percent of the country’s needs for tires is met by domestic producers, IRIB reported
Iranian banking system paid 380.893 trillion rials (about $780 million) of facilities to knowledge-based companies in the first two months of the current Iranian calendar year (March 20-May 21), to register an over 100 percent rise compared to the same period in the preceding year
The production of iron ore concentrate in Iran increased by 17.6 percent in the first two months of the current Iranian calendar year (March 20 -May 20), as compared to the same period in the past year, according to the data released by the Iranian Steel Producers Association (ISPA)
The head of the Iran Airports and Air Navigation Company declared that the second FlightCheck aircraft arrived in the Islamic country after the finalization of the purchasing process and officially started its operation
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