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IMF: Iran oil revenues decrease by $20B

IMF: Iran oil revenues decrease by $20B

Date: 23 December 2015 09:52

Baku, Azerbaijan, Dec. 22

By Khalid Kazimov – Trend:

Iran's oil and gas export revenues will decrease by $20.1 billion year-to-year.

During the current fiscal year, Iran’s oil and gas export revenues is expected to reach $35.3 billion, International Monetary Fund said.

Iran's fiscal year started on March 21, 2015.

According to IMF’s latest report, released on Dec.21, the figure for last year was $55.4 billion, $9.5 billion less than the previous year.

However, the report said that Iran's oil export increased during last two years.

The country exported 1.24 million barrels per day (mb/d) in current year, while the figure for the previous two years was 1.16 mb/d and 1.13 mb/d, respectively.

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2021/22

Total oil and gas exports (billions)

64.9

55.4

35.3

48.6

59.8

65.3

68.6

71.2

Crude oil exports (mb/d)

1.13

1.16

1.24

1.81

2.13

2.22

2.29

2.38

Crude oil production (mb/d)

2.85

3.09

3.11

3.7

4.0

4.2

4.3

4.4

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