Iran’s Oil Minister Mohsen Paknejad said Wednesday that the country’s oil exports rose by nearly 630,000 barrels per month during the first four months of the current Iranian calendar year (March 21-July 22, 2025), compared to the same period last year.

Speaking on the sidelines of a cabinet meeting in Tehran, Paknejad said Iran faces no difficulties in selling its crude oil, according to the Oil Ministry’s Shana News Agency.

The minister did not disclose the current level of oil production or exports but noted that production capacity is targeted to reach 4.8 million barrels per day by March 2029.

The export increase comes despite U.S. sanctions on Iran’s oil and petrochemical sectors, which were tightened in 2018 after Washington withdrew from the nuclear deal, formally known as the Joint Comprehensive Plan of Action.

Separately, National Petrochemical Company (NPC) CEO Hassan Abbaszadeh said Iran produced 32 million tons of petrochemicals between March 21 and Aug. 22, 2025. Of these, 13 million tons worth 5.5 billion U.S. dollars were exported, Shana reported.
Source: Xinhua