Iran’s gas export earned $4 billion in the first four months of the current Iranian year (March 21—July 22), which is equals to the revenues earned throughout last year, the oil minister said.
“In the first four months of the year, the collection of claims was upward compared with the same period of last year, and there was also a 55% growth in the repatriation of oil export money as well as the sale of crude oil, gas condensate and natural gas,” Javad Owji was also quoted as saying by the Oil Ministry’s news agency Shana.
Iran sits on the world’s second-largest gas reserves after Russia. It accounts for 17% of global gas reserves. The country mainly exports gas to Turkey and Iraq.
Global gas prices have risen almost fivefold in 2022. And it was last month when Iraq paid $1.6 billion of its debt related to natural gas imports from Iran.
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