A senior member of Iran’s Oil, Gas and Petrochemical Export Machines Union (OPEX) said on Monday that oil exports from the country are expected to reach $43 billion on March 20, from around $47 billion from the previous calendar year’s report.
Hamid Hosseini added that total oil and petroleum products exports from Iran reached nearly $600 billion from March to late March.
Hosseini said Iran has exported $20 billion worth of oil and petroleum products in the five months from late August to late August.
He added that the decline in oil export revenues this year in the calendar year was a result of a decline in crude oil prices in international markets, with Iran selling oil at an average of $63.5 per barrel from April to August.
The businessman said oil exports also fell from the daily record of 1.8 million barrels reported in the previous calendar year and early in the current calendar year.
“Therefore, there are concerns that we won’t be able to realize the expected oil revenues in this year’s budget,” an Opex spokesman was quoted as saying in a news briefing.
Hosseini said exports of Iranian petrochemical and petrochemical products, including asphalt, methanol and some petrochemicals, reduced the calendar year due to an explosion in the country’s largest container port in late April, a 12-day war with the Israeli regime in June, and an issue of domestic supply and production.
rhm/