Iran oil income $29.5 bln since end-March

TEHRAN - Iran's oil revenue totalled more than $29 billion in the first four months of the Iranian year which started on March 20, the semi-official Mehr news agency quoted a senior oil official as saying.

By (Reuters)

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Published: Fri 8 Aug 2008, 6:53 PM

Last updated: Sun 5 Apr 2015, 11:51 AM

"Iran's oil revenue from the beginning of this year and in the first four months of the year reached $29.5," Seifollah Jashnsaz, managing director of the Iranian National Oil Company (INOC), was quoted on Friday as saying.

Iran, the world's fourth biggest oil producer, has made windfall gains from record crude oil prices, which soared above $145 a barrel on the international market in July.

Iranian crude typically sells for several dollars below some benchmark crudes.

Iranian officials have previously said the country earned $70 billion from oil exports in the year that ended in March 2007.

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