NCRI – Economic experts believe that after the fall of oil prices on the world market, oil revenues of Iran could be reduced to $26 billion in 2015.
Iranian oil was once being sold for $100 to 110 a barrel. Now the price has been reduced to $70 a barrel.
With this sudden drop in oil prices, oil revenues of the clerical regime will fall by 30% next year.
After the strengthening of international sanctions for the past two years, including the embargo put in place by the EU against the oil and banking activities of the Iranian regime, Iran’s oil exports that were 2 million barrels per day were reduced to less than one million.
According to figures published by the Central Bank of Iran, oil revenues of Iran were $ 119 billion in 2011 and $ 68 billion in 2012. Thus, in one year, Iran’s oil revenues have dropped by almost half. This sudden drop has worsened the economic crisis in Iran and in particular caused a decrease of 6% of economic activity in the country.
According to official figures published by the Central Bank of Iran, the oil revenue of the country during the last ten years is as follows (amounts in billions of dollars):
2004: 36.30 billion $
2005: 53.82 billion $
2006: 62.01 billion $
2007: 84.55 billion $
2008: 86.62 billion $
2009: 69.96 billion $
2010: 90.19 billion $
2011: 118.86 billion $
2012: 68.14 billion $
2013: 64.79 billion $
In 2015, assuming that Iran would export one million bpd and that oil prices would be around $ 70 a barrel, Iran’s oil revenues will be around 26 billion dollars (less than half compared the oil revenues of the country in 2013).