Iranian crude oil export revenues in the past six months surpassed $30 billion, the National Iranian Oil Company (NIOC) reported today. The record-revenue trend is expected to continue for the next six months. The calculations are based on Iranian calendar year ending March 20, 2008.
Last year, crude export revenue for the entire Iranian calendar year was at $51 billion.
NIOC also expects to realize more than $70 billion in the next six months in combined revenues from the export of crude oil and oil products. This is by far Iran's most positive cash flow situation ever.