TEHRAN July 23 (Shana)–A member of Planning and Budgetary Committee of Parliament Esmail Jalili expressed satisfaction with Iran’s oil revenues, saying oil exports are underway under the budget law provisions.
He said Parliament has ratified a realistic budget and considering the realities of the country which is under sanctions, gas condensate and oil exports are satisfactorily going on according to the budget law.
The government has been able to realize oil revenues under the budget law, the lawmaker told Shana.
Last week, director for international affairs of National Iranian Oil Company (NIOC), Mohesen Qamsari said that the total level of Iran’s oil exports to China and India has been normal in recent months and no major decline has been the case since May.
He said that oil exports to destinations in China and India are being done according to the contracts signed with the countries.
China and India are two major customers of Iran’s crude oil and have long-term contracts with Tehran that are extended every year.
China, Tehran’s largest oil client, has since late 2013 been stepping up purchases from Iran.
China’s Iranian crude oil imports expanded 36 percent in May, or 757,900 bpd, from a year ago to the second highest on record, customs data showed last week.
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