Iran oil income in 2022 beat post- JCPOA era last year
Iran’s oil revenues in 2022 hit 42.6 billion, exceeding the country’s oil revenues 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 revenues in the first year of implementation of the JCPOA stood at $41.1 billion, Tasnim news agency reported.
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 revenues reaching the pre-sanctions levels, the report added.
After withdrawal from the 2015 nuclear deal, former US president Donald Trump re-imposed sanctions on Iran as part of what he called a “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 Trump’s wrong policy against Iran.