Iran’s Oil Revenue Ranks Fifth Among OPEC Members from January to May 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.

And 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.

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.

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.

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

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