Iran loses both in oil and oil product revenues
Although Iran boosted exporting its oil products, but a look at the country's oil production revenues during the last several months indicate a huge drop in prices. Iran's most valuable exported oil products include propane, butane, tar, fuel oil as well as some petrochemical products. Iran's heavy oil price has fallen from about $110 in mid-June to below $68 currently. The country exported about 1.2 to 1.25 million barrels of crude oil and condensate per day in average during ten months of 2014. This figure during 2011 and 2013 was about 2.5 million and 1.07 million barrels per day. Iran's petroleum export revenues ($ billion) based on the Central Bank of Iran's statistics Iran's Custom Administration's latest monthly report, released on Dec.5 indicates that the country's oil product exports have soared since March 21, when Iran's current fiscal year started, but their price has dropped significantly during the last several months as ...