Vice President:

Oil Sale, Cash Transfer Easily Done for Iran

Date: 06 November 2022 - 21:57

News ID: ۱۰۸۶۷۳

TEHRAN - Iran First Vice President Muhammad Mokhber has said that selling oil crude, petrochemical productions and money transfer are done properly and current expenses of the country are provided without borrowing and methods that lead to inflation.
During his one-day trip to Hormozgan province, Mokhber said that last year the administration had problems in the staple commodities sector and it was difficult to earn oil revenues and transfer money.
Covid-19 claimed more than 750 victims daily and the enemy had great hopes for the downfall of the country in this situation, he said.
He added: “Today, we sell oil well, and money transfers are carried out in a favorable manner, and the current expenses of the country are provided without borrowing and methods that lead to inflation.”
Earlier in May, Ali Forouzandeh, spokesman of the Iranian Oil Ministry said the country’s oil revenues have increased by more than 60% in the two months to late May compared to the similar period last year.
He said that oil revenues had experienced a “dazzling jump” in the first two months of the current calendar year.
Forouzandeh cited as an example a surge in Iran’s sales of petrochemicals in international markets in recent months and said that exports proceeds reported in a foreign exchange system run by the government had exceeded $2.45 billion, up from $1.5 billion reported for the two months to late May 2021.
Iranian crude exports to China increased to an average of more than 1 million barrels per day in late 2021, a first for the country since 2018 when the United States pulled out of an international agreement on Iran’s nuclear program and imposed sanctions on the country.
An Iranian administrative government that took office in August has claimed credit for the surge, saying it has introduced policies to get round the American sanctions and increase Iranian oil supply to international markets.