Oil exports reached the highest level after sanctions

According to the economic correspondent of Fars News Agency, after the withdrawal of the United States from the JCPOA in May 2017, Iran’s oil exports and the revenues of this sector decreased. However, with the inauguration of the 13th government, Iran’s oil exports and revenue collection grew significantly.

In the last 2 years, the use of different strategies to increase the sale and export of oil has been in the center of attention, despite the sanctions, as far as the economic statistics show that the conditions of oil export have improved.

In April 1402, the oil minister said: Last year, 190 million barrels of oil were exported more than in 2019 and 83 million barrels more than in 1400, and it is expected that a new record in oil exports will be recorded this year.

Even the foreign and western media also acknowledge this achievement of the government, in this regard, Bloomberg has recently discussed the issue of increasing Iran’s crude oil exports in a report based on which Iran’s oil exports have reached 1.6 million barrels per day.

Iran has increased its crude oil exports to the highest level in the last five years, strengthening its presence in the geopolitical scene and at the same time bringing risks to the fragile global crude oil market.

* 9.3% growth of oil productivity in 1401

In recent years, more than 75% of economic growth has come from productivity, and specifically, in the first 9 months of 1401, 3.4% of economic growth has been achieved from productivity, with 9.3% of economic growth. The percentage is related to the oil group.

At the same time as the 13th government took office, the use of productivity capacities in different economic sectors was put on the agenda. These actions led to a positive economic growth of over 4% in 1401, unlike most years of the 90s, which is a good sign for the future of Iran’s economy. It is worth mentioning that the productivity index of the total factors of production in 1401 has reached its highest value in the last 10 years.

According to the report of the Administrative and Employment Affairs Organization, in the increase in the total productivity of the production factors due to the increase in the added value of the entire economy, the largest growth with 9.3 percent was related to the oil group. In other words, oil has had the greatest impact on economic growth through increasing the productivity of production factors in 1401. The growth of added value in industries and mines, service and agriculture groups is equal to 5.6%, 2.8% and 1.1% respectively.

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