IFP Exclusive

‘Value of Iran’s sales of oil products reached $6bn in eight months’

The head of the Iranian Parliament’s Program and Budget Commission says the value of Iran’s exports of oil products reached 6 billion dollars over the past eight months, despite the draconian US sanctions in place against the country’s energy sector.

In an interview with state TV, Hamidreza Hajibabaei said Iran succeeded in exporting $6 billion worth of oil products in the first eight months of the current Persian calendar year, which will end on March 20, 2023.

This is while the country used to import the same products previously, he added.
The figure is expected to reach $9 billion by the year end, but “I personally think it would hit $10 billion,” he added.

Hajibabaei criticized exports of crude oil, saying the Iranian administration must double its efforts to blunt the impact of sanctions and facilitate the entry of the private sector into the field of oil and refinery sector with the goal of decreasing crude sales and increasing exports of oil products instead.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Russia says repelled Ukraine drone raid on energy infrastructure

Russia repelled a wave of attempted Ukrainian drone strikes on oil refineries and energy infrastructures…

35 mins ago

Israel destroyed 70% of northern Gaza water wells

The Israeli army has destroyed 70% of water wells in the northern Gaza Strip amid…

57 mins ago

President Raisi: Iran cannot be sanctioned

Iranian President Ebrahim Raisi says Western efforts to isolate Iran have failed as the country…

1 hour ago

Israel turns down US calls for investigating into Gaza mass graves

Israel will not carry out further probes into mass graves found at Gaza hospitals, as…

2 hours ago

Yemen’s Houthis claim responsibility for strikes on UK oil tanker, U.S. drone

The Yemen-based Houthi group announced on Saturday that they had launched missile attacks, hitting a…

2 hours ago

Tehran and Moscow need to boost defense cooperation to improve regional peace: Iranian defense chief

Iranian Defense Minister Brigadier General Mohammad Reza Ashtiani has stated Iran and Russia should promote…

4 hours ago