Petrochemical complex in Iran. (Reuters)

March 10, 2022

Iranian gas export revenues surged by more than 250 percent in the year to March, while earnings from petrochemical exports doubled, Oil Minister Javad Owji said, the semi-official Fars news agency reported on Wednesday.

He said overall energy export earnings, including crude, rose by 2.5 times but he only gave a breakdown for gas and petrochemicals. Iran does not release figures related to oil exports.

The increase in revenue was partly due to more exports and because Iran managed to collect more of the proceeds from exports in spite of US sanctions, the minister said.

“Through various methods, our government has collected all the revenues from its exports of oil, gas, gas condensate and oil products,” Owji said.

Gas export revenues rose to $4.6 billion from $1.27 billion last year, and revenues from petrochemical products exports doubled to $12 billion, the minister said.


About Track Persia

Track Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.