By Pooya Stone
These days, in tandem with the coronavirus crisis in Iran, the fall in the global oil prices is challenging the regime in Tehran and further undermining its 2020 budget.
Iran’s crude oil production dropped to just 2.18 million barrels a day (BPD) in March, according to the Organization of Petroleum Exporting Countries (OPEC) in its latest monthly report, released on Friday.
By Jubin Katiraie
According to information provided by the Tehran Chamber of Commerce, Iranian businessmen exported about $1.6 billion in the first month of this year, down 36 percent from the same period last year.
On March 23, the first Iranian tanker flotilla carrying 43 million liters of gasoline and refinery equipment departed Bandar Abbas port in southern Iran toward Venezuela. It was supposed to arrive at Venezuelan state-run PDVSA’s ports on May 24, after a 14,000-kilometer trip within 45 days.