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Iran boosts oil exports by circumventing sanctions: Iranian MP

Iran boosts oil exports by circumventing sanctions: Iranian MP

Rising exports and a new record in crude oil production, despite economic sanctions against Iran, are among the achievements of the administration of Iranian President Ibrahim Raisi, said Iranian lawmaker Hossein Hosseinzade, a member of the Commission of Energy of the Iranian Parliament. March 30 in an interview with IRNA.

Hosseinzade noted that the 13th administration of the Islamic Republic has achieved unique success in energy diplomacy. The Raisi administration has been able to make significant oil exports despite sanctions and restrictions. He also highlighted that the Iranian administration managed to raise the level of oil sales to the highest level since 2018.

According to the report of the Iranian Oil Minister, the Islamic Republic sold 190 million barrels in 11 months (from March 21, 2022 to February 19, 2023). This amount is about 83 million barrels more than in the same period of the previous year.

Gas export statistics also show an increase in exports of 15% with the prospect of reaching revenues of $6.5 billion (500 billion rubles).

Source: Rossa Primavera

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