Iran Earns $19 Billion in Oil Sales, Ranking 5th among OPEC Members in 5M 2023: US Energy Information Administration

Iran Earns $19 Billion from Oil Sales in First Five Months of 2023

Iran Earns $19 Billion from Oil Sales in First Five Months of 2023


The U.S. Energy Information Administration has announced that Iran has earned $19 billion from oil sales in the first five months of 2023, Iran’s Mehr news agency reported.

Oil Revenues of OPEC Member Countries

According to the Mehr News Agency, the Energy Information Administration of the United States Department of Energy of this country announced in its new report that the total oil revenues of 13 OPEC member countries for 5 months of this year amounted to $293 billion.

Iran’s Oil Income

The US Energy Information Administration has estimated Iran’s total oil income for the first five months of this year at about $19 billion, as this figure is equivalent to 6.5% of OPEC’s total oil income for that period.

Ranking among OPEC Members

Iran ranked fifth among OPEC members in terms of oil revenue in 5M 2023, Saudi Arabia recorded the highest oil revenue in the period at $101 billion, Iraq and the UAE came in with $41 billion and Kuwait came in with $32 billion. second place. in fourth place on the list, respectively.

Oil Income of Other OPEC Members

The oil income of other OPEC members during this period is: Algeria $12 billion, Angola $13 billion, Congo $3 billion, Equatorial Guinea $1 billion, Gabon $2 billion, Libya $12 billion, Nigeria $12 billion, Venezuela $4 billion dollars.


Source: Mehr

Brice Foster
With over a decade of experience, Brice Foster is an accomplished journalist and digital media expert. In addition to his Master's in Digital Media from UC Berkeley, he also holds a Bachelor's in Journalism from USC. Brice has spent the past five years writing for WS News Publishers on a variety of topics, including technology, business, and international affairs.

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