MAY 5, 2024 JLM 67°F 10:51 AM 03:51 AM EST
Iran claims 580-percent rise in oil revenues

Iran said Tuesday its income from oil exports is up 580% in the first four months of the Iranian year (March 21-July 21) compared with the same period a year ago

It is not clear how much the volume of crude oil and condensates exports increased, as Tehran keeps oil exports a state secret due to US third-party sanctions that can penalize companies involved in transactions. 

But Iran's claim of a 580-percent rise in revenues is hard to explain. Although some revenues might not have officially enetred government coffers, but the Tueday claim of a 580-percent increase in revenues just does not add up.

Source: Iran International

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