Iran’s Oil Revenue in 2022 Exceeds That of 1st Year after JCPOA Implementation
TEHRAN (Tasnim) – Iran’s oil revenue in 2022 hit 42.6 billion, exceeding the country’s oil revenue in the first year of implementation of the Joint Comprehensive Plan of Action (JCPOA), according to the statistical bulletin of the Organization of Petroleum Exporting Countries (OPEC) in 2023.
Iran’s oil revenue in the first year of implementation of JCPOA stood at $41.1 billion.
The rise in Iran’s oil exports to 1.4 million barrels of oil per day (bpd) at the end of 2022, according to Kepler statistics, and the price hike of crude oil are the main reasons for Iran’s oil revenue reaching the pre-sanctions period levels, the report added.
In quitting the 2015 nuclear deal, former US president Donald Trump restored sanctions on Iran as part of what he called the “maximum pressure” campaign against the country. Those sanctions are being enforced to this day by the Joe Biden administration, even though it has repeatedly acknowledged that the policy has been a mistake and a failure.
Tehran says it will not be able to trust Washington as long as Biden continues the wrong policy of maximum pressure and sanctions practiced by Trump against Iran.