News ID: 319723
Published: 0352 GMT January 28, 2022

Iran’s oil, condensate exports up over 40%: Minister

Iran’s oil, condensate exports up over 40%: Minister

Iran's oil and condensate exports have increased by more than 40 percent compared to the figures for August, the last month of the previous government, said Seyyed Ehsan Khandouzi, the minister of economic affairs and finance.

A tangible rise in oil exports and the provision of foreign exchange for the imports of basic goods is one of the achievements of the government, he noted adding that the government gained great achievements in the field of foreign trade and economic security with its resilient economy policies and interaction with friendly and allied countries.

“One of the main measures of the government was to increase oil exports despite sanctions,” said the minister adding while no agreement has yet been reached with P4+1, oil and condensate sales have grown, indicating an active approach in tough conditions.

The policy of prioritizing states of the region and neighbors is bearing fruit,” Khandouzi noted.

He added that shortly after President Seyyed Ebrahim Raeisi’s visit to Russia, we witnessed the first economic result of the visit and the official Russian letter was sent to the Ministry of Economy stating that the first part of the credit line has been allocated for the construction of the Sirik power plant.

Stating that the 13th government is trying to reduce the economic inequality, fight tax fraud and increase interest-free loans, the minister added, "The inflation has decreased and this trend will continue in the coming months."



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