Iran says revenue from energy exports up 60% from last year

June 1, 2022 Stu Turley Commodities, International News
Iranian Flag Infront of the IAEA in Vienna Austria Reuters
Source: Reuters

Iran’s foreign currency earnings from exports of oil, gas condensate, natural gas and petrochemicals rose more than 60% from March 21 to May 21, compared to the same period last year, the oil ministry’s official news agency, Shana, reported.

Export revenues from petrochemicals increased to $2.45 billion in the first two months of the current Iranian calendar year, which started on March 21, Ali Forouzandeh, director of public relations at Iran’s oil ministry was quoted as saying.

He said the figures reflected foreign currency transactions on the Central Bank of Iran’s official currency trading platform for exporters and importers, known as NIMA, according to Shana.

About Stu Turley 3356 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

Related Articles