Tag Archives: Financial Tribune

Imports stood at 157.095 tons worth $79.55 million. up 60.98% in tonnage and down 58.72% in value YOY.

Iran’s exports totaled 269.052 tons worth $71.89 million during the month.

Despite lower supplies. crude oil has fallen from a six-month high above $75 a barrel in April to below $68 on Thursday.

Iran holds the world’s second largest gas reserves after Russia and the clean fossil fuel is its single biggest source of energy.

A non-oil trade surplus of $12.54 billion was registered in favor of Iran during the period.

Oilfields owned jointly by Iran and Iraq are located near the Hawizeh Wetlands.

Imports stood at 3.38 million tons worth $5.52 billion. down 38.33% and 32.56% in tonnage and value respectively YOY.

The imports mainly included auto parts. machinery and aluminum coil.

The EIA now sees US crude oil production averaging 12.4 million bpd this year and 13.2 million bpd next year.

Raising production from South Azadegan Oilfield is a declared policy of the Petroleum Engineering and Development Company.