Monday, March 13, 2023

Iran Claims Its Oil Exports Are Booming Despite Sanctions

An Iranian military speedboat patrols the waters as a tanker prepares to dock at the oil facility on Khark Island, Iran, on March 12, 2017. (Atta Kenare/AFP)

CTV News/Reuters: Iran says oil exports hit highest level since re-imposition of U.S. sanctions: Tasnim 

DUBAI - Iran's oil exports have reached their highest level since the re-imposition of U.S. sanctions in 2018, the country's Oil Minister Javad Owji said on Sunday, according to the semi-official Tasnim news agency. 

Following the United States' exit from a 2015 nuclear deal and its re-imposition of sanctions on Tehran in 2018, Iranian oil exports and revenues have taken a significant hit as few countries -- with the notable exception of China -- continue to purchase Iranian crude. 

The oil minister said that 83 million more oil barrels in the current year starting March 21, 2022, were exported compared to the previous Iranian year running March 2021-22.  

Read more ....  

WNU Editor: If Iran is exporting oil at a record pace, why is it still experiencing deep financial problems .... Iran Claims High Oil Exports While Financial Woes Continue (Iran International). The answer is simple. Iran's debt and financial obligations are so severe that even if there is a boom in oil exports, it is not enough to repair the years of government mismanagement and irresponsibility when it comes to handling the country's finances. 

 Iran Claims Its Oil Exports Are Booming Despite Sanctions 

 Iran oil exports hit highest level since re-imposition of US sanctions in 2018 -- Press TV (Iran)  

Iran reports highest oil exports yet since US applied sanctions over nuclear deal -- Times Of Israel  

Iran's 11-Month Oil Revenues Up 83M Barrels YOY -- MENAFN

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