Iran Expects Higher Oil Export Revenues This Year

Iran has projected higher oil export revenues for its new financial year based on the draft budget for the 12 months to March 2023. Bloomberg reports, citing Iranian agency Tasnim, that the draft includes oil export revenues that are a third higher than those in a previous budget draft. The value of the exports is seen at around $115 billion. Iran's oil exports are already on the rise, the latest figures have shown, despite continued U.S. sanctions. According to data from cargo tracking companies, Iran has been exporting some 1 million bpd lately,…