Baku, Azerbaijan, Feb. 7
By Fatih Karimov - Trend:
Iran's incomes via oil exports have dropped to less than one fifth, Iran's Energy Minister Hamid Chitchian said.
"Due to unjust sanctions, oil exports have decreased from 2.5 million barrels per day to one million barrels per day," Iran's Tasnim news agency quoted Chitchian as saying on Feb. 7.
He added that the national economy is experiencing tough and special conditions.
Price of oil has also dropped as a result of enemy plots from above $100 per barrels to $40 per barrel, he said.
Iran exported 2.2 million barrels of oil per day in 2011. The country's national budget bill has envisaged that the country will export 1.3 million barrels of crude oil and gas condensates per day in the current Iranian calendar year, which ends on March 20.
The World Bank released a report Jan.29 about the gainers and losers of plunging oil prices saying that the politics will be as important as the price of oil for Iran.
"If a deal is reached in the nuclear talks with the P5+1 and oil sanctions are lifted, oil exports are expected to rebound to pre- sanctions levels by 2017," World Bank reported.
Iran's oil export revenue is estimated to reach $23 billion in 2015 without achieving a comprehensive nuclear deal with P5+1, the report added.
