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Wednesday,21 July 2021 (YJC) _A member of the Chamber of Commerce said: "This year, it is predicted that about $ 20 billion of oil revenues will help the government budget."
Seyed Hamid Hosseini, a member of the Iranian Chamber of Commerce and an activist in the oil industry, said about the future of the oil industry and the possible situation of production and export of this product in Iran: Our oil revenue in the last 30 years has averaged $ 45 billion. In some years, that figure rose to more than $ 114 billion, and in some years it declined to about $ 5 billion. In total, we can say that Iran's economy has $ 45 billion in oil revenues annually, and unfortunately it is accustomed to having this revenue, so that our country's budget is highly dependent on oil revenues.
Referring to the growing trend of unofficial Iranian oil exports, he said: "This year, it is predicted that about $ 20 billion of oil revenues will come to the aid of the budget and they were forced to close the budget in two levels to spend if there were no oil revenues." Budgets are different. We also hope that the ongoing negotiations will go well in the face of these events to lead to the lifting of sanctions and Iran's return to world markets.
Emphasizing the potential for export of 2.5 million barrels of oil next year, the oil industry activist explained: "During this period, we have stored a large amount of crude oil and gas condensate in the country, and if we return to world markets, we can quickly return to our current inventory." Let's return the country to the market and increase exports to 2.5 million barrels.
Hosseini explained the market demand for this amount of oil and gas condensate stored in the country: Most experts believe that 5 million barrels will be added to world oil demand this year. To fulfill the forecast we have to invest a lot of capital in the National Development Fund.
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