This “production capacity reached about 3.8 million barrels per day before the imposition of sanctions” in 2018, he assured.
These sanctions, reinstated by the United States in May 2018 under President Donald Trump following his unilateral withdrawal from the Iran nuclear deal, they are suffocating Iran’s economy.
Oil revenues between March 21, 2021 and March 20, 2022 reached 18,000 million dollars, “that is, 2.5 times more” than in the previous period (from March 21, 2020 to March 20, 2021), Iranian Oil Minister Djavad Odji said on Friday.
In a monthly report on the oil market, the Organization of the Petroleum Exporting Countries (OPEC) estimates that Iran produced 2.54 million barrels a day in February. However, Iranian oil exports continue to be hampered by Washington sanctions.