Baku, Azerbaijan, Apr.23
By Fatih Karimov - Trend:
Iran sold its crude oil at $104 per barrel on the average in the 12 months from March 2013 to March 2014.
Iran's oil minister Bijan Namdar Zanganeh said the country exported $41.601 billion worth of crude oil and condensates last year.
Iran's oil and condensate exports have doubled since president Hassan Rouhani took office last August.
On April 17, Iranian deputy minister of oil for planning and supervision on hydrocarbon reserves, Mansour Moazzami said that the administration's income from exports of oil and condensates was some $10 billion more than the budget's forecast figure in last Iranian calendar year.
He went on to say that the country was forecast to export one million barrels of oil and 200,000 barrels of condensates per day in last year, while the real exports indicate an increase by 20 percent compared to the budget's figures.
Moazzami also said that the oil export volume during the current Iranian calendar year is also expected to surpass the budget figure.
Iran's fiscal year starts on March 20.
The country should export 1.3 million barrels per day of oil and condensates according to the current year's budget. Condensate is a type of light crude oil, which is extracted mostly from gas fields.
Iran's crude oil exports stood less than one million barrels per day during the first half of 2013, however the figure started to rise after the Geneva nuclear agreement struck between Iran and six world powers in November, according to the statistics of the International Energy Agency (IEA).
Iran averagely exported 1.07 million barrels of oil and condensate per day in 2013, IEA says.
The figure has significantly increased during the first quarter of the current year and surpassed 1.6 million barrels per day in February.
Iran's oil export is also expected to stand at same level during March, the IEA's latest monthly report said on Apr 9.
Iran has exported averagely 504,000 barrels of condensate per day, since achieving the nuclear accord in November 2013, according to the statistics of the country's Customs Administration.
The country has increased condensate export volume from 195,000 barrels per day during during a period covering March 20, 2013 to November 20, 2013 to 504,000 barrels during a period covering November 20, 2013 to March 20, 2014.
