1259 GMT August 18, 2022
President Seyyed Ebrahim Raeisi said Iran’s oil sales were in a “good condition” despite sanctions imposed by the U.S. to bring them to zero.
"At the present time, oil sales are in a good condition and we are doing our best to get the foreign exchange earned through oil and non-oil exports back to the country,” Raeisi said in a late Saturday televised interview addressing the nation on various domestic and international issues.
The president said his government had allocated 14% of oil revenues to develop Iran’s oilfields.
Earlier this month, the Oil Ministry said Iran’s oil exports had remained over one million barrels per day since mid-March.
“Iran's oil exports are now more than one million barrels per day, and oil revenues are about 60% higher compared to the spring of last year,” IRNA quoted a ministry official as saying.
The United States targeted Iran’s oil industry in 2018 in an effort to bring the country oil exports to zero. Iran’s used to sell over 2.5 million barrels per day before the sanctions.
Elsewhere in the interview, Raeisi said the situation was ripe for investment throughout Iran.
“Iran has entered cooperation agreements with 18 countries,” he said, noting that these countries were now on the receiving end of $2.5 billion worth of technical and engineering services exported to them by the Islamic Republic.
He said his government had prioritized cooperation with neighbors, and that the policy increased Iran’s trade with them.