The hottest oil revenue of Iran before lifting san

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Iran lifts sanctions, and its oil revenue may soar fivefold before the end of 2016

Iran lifts sanctions, and its oil revenue may soar fivefold before the end of 2016

January 18, 2016

[China paint information] as Iran's international sanctions are lifted over the weekend, since it is no longer a novelty to pack ketchup in a larger elastic upright bag, the country's oil sales revenue may increase more than fivefold before the end of 2016, The lifting of economic sanctions allows the OPEC member country to increase crude oil exports and attract foreign investment needed to rebuild the energy industry

The IAEA announced on Saturday (January 16) evening that Iran had destroyed nuclear materials and production capacity in accordance with the July agreement. The implementation of the agreement made the cancellation of export restrictions of Iranian oil companies take effect immediately

the agreement formulated in July last year said that if the International Atomic Energy Agency confirmed that the agreement was implemented, the sanctions imposed on Iran by the European Union, the United Nations and the United States would be lifted at the same time. The main areas for lifting sanctions include oil, natural gas and petrochemicals, as well as finance, banking and insurance

according to the interim agreement, Iran could only obtain $700million of its monthly oil revenue from 1962 to 1981, and the rest of the funds were frozen in foreign bank accounts, according to the data of the National Transportation Safety Commission of the United States. Iran strives to increase the daily output and export of crude oil by 1million barrels this year

according to the calculations made by foreign media based on Iran's current daily production of 2.7 million barrels and the oil price of $29 per barrel, the lifting of sanctions means that Iran can immediately increase its oil revenue to about $2.35 billion per barrel

if Iran increases its daily export volume to 3.7 million barrels by the end of 2016, the monthly sales revenue will rise to $39billion based on the 12-month forward price of Brent crude oil of about $35 a barrel

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