TEHRAN, March 3 (RIA Novosti) - Iran's revenues from
crude oil exports in the year leading up to March 20 will total
about $69 billion, an Iranian deputy oil minister said on
Tuesday.
"The average world oil price over the past year was around
$80 per barrel. Iran's revenues from the sale of crude oil
following the results of the year amount to more than $68
billion," Akbar Tarkan said in a national TV interview.
World oil prices have plummeted from their peak of $140
per barrel in July to around $40 per barrel.
In the year from March 21, 2007 to March 20, 2008, the
Islamic Republic earned about $70 billion from crude oil
exports.
Iran ranks fourth in terms of crude reserves after Saudi
Arabia, Iraq and Kuwait, and fourth in terms of oil production
after Saudi Arabia, the United States and Russia.
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