Iran's energy export revenue up 60% in March-May vs year ago - oil ministry media
Reuters
Published May 29, 2022 07:21AM ET
Updated May 29, 2022 07:45AM ET
DUBAI (Reuters) -Iran's energy export revenue is 60% higher in the first two months of the Iranian year (March 21 to May 21) compared to the same period a year ago, an official from the Iranian oil ministry told the ministry's SHANA news agency on Sunday.
The official did not give a reason for the jump in revenue which comes as oil prices have nearly doubled from a year ago because of the war in Ukraine and the global post-pandemic economic recovery.
The Iranian government says it continues to export oil despite U.S. sanctions re-imposed in 2018 after former U.S. President Donald Trump withdrew from an agreement to restrain Iran's nuclear programme.
Talks to revive the 2015 accord, and allow U.S. sanctions to be removed, have been on hold since March, chiefly over Tehran's insistence that Washington remove the Islamic Revolutionary Guard Corps from the U.S. list of designated terrorist organisations.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.