Iran exported crude and petroleum products valued at $114.8 billion compared with $72.2 billion in the previous year, data from the annual statistical bulletin of OPEC showed. Iran’s revenue increased even as the volume of the nation’s shipments fell 8.5 percent, according to OPEC. According to the report, the value of Iran’s exports has more than doubled since 2009. The value of the country’s petroleum and oil products exports stood at $55.7 billion in 2009, increasing to $114.8 billion in 2011. Excluding petroleum products, Iran’s revenue from exports of crude oil in 2011 also increased around 59 percent compared with the previous year. Iran exported $83 billion worth of crude oil in 2011, in comparison to $52 billion in 2010, the report stated. OPEC’s Annual Statistical Bulletin (ASB) was released on Monday. It contains about 100 pages of tables, charts and graphs detailing the world's oil and gas reserves, crude oil and product output, exports, refining, tankers, plus economic and other data. OPEC oil revenues exceed $1 trillion for first time in 2011 Oil export revenues earned by the OPEC members exceeded $1 trillion for the first time in 2011, according to data of ASB. Soaring oil prices increased revenue year-on-year for every member, apart from Libya which saw exports drop by 73 percent as it was beset by civil war, OPEC said.
Most OPEC members in the Persian Gulf region increased exports as they offset the loss of Libyan supplies. Iraqi exports rose by 14.6% percent as the country's oil industry recovered from years of conflict and under-investment. Saudi Arabia, OPEC's largest oil producer, boosted its exports by 8.6 percent, the report said.
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