Iran's oil exports reached $35 billion in last 12 months -ILNA

[April 02, 2024]  DUBAI (Reuters) - Iran's oil exports reached $35.8 billion in the 12 months to end-March 2024, Iran's head of Customs Mohammad Rezvanifar said on Tuesday according to the Iranian Labour News Agency.  

A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. REUTERS/Raheb Homavandi/TIMA

Despite the reimposition of U.S. sanctions on Tehran in 2018, Chinese purchases of Iranian oil have allowed the country to maintain a positive trade balance.

Without oil exports, Iran would have registered a $16.8 billion trade deficit, Rezvanifar said.

He added that total trade registered a 2.6% year-on-year increase, reaching a value of $153 billion, of which $86.8 billion was Iranian exports.

(Reporting by Dubai Newsroom)

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