Iran says oil exports reach highest level since US reimposed sanction in 2018

Tehran: Iran’s Oil Minister Javad Ovji has said that the country’s crude exports have reached the highest level since the re-imposition of US sanctions in 2018.

Ovji said on Sunday that Iran’s crude exports have increased by 83 million barrels since the start of the current Iranian calendar year from March 21, 2022 to February 19, 2023, compared to the same period in 2021-2022. Reported the official news agency IRNA.

Without disclosing the exact number of Iran’s total crude exports, he said 2020-2021 also showed an increase of 190 million barrels from the same time period, Xinhua news agency reported.

Iran’s oil minister claimed that the country’s gas exports have seen a 15 percent year-on-year increase in the current Iranian calendar year, noting that Iran has earned $6.5 billion from its liquefied petroleum gas exports since March 2022. is of.

In May 2018, the US intensified its sanctions on Iran, mainly targeting the country’s oil exports and banking sector, following its unilateral withdrawal from the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA). ) is referred to as.

Negotiations on the revival of the JCPOA began in April 2021 in Vienna. There was no breakthrough after the latest round of talks in early August 2022.