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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Iran makes US$54 billion in revenue from export of oil in 2022

Iran’s net oil export revenue is expected to be $44 billion this year.
  • According to the estimate, Saudi Arabia earned the highest net oil export revenue among OPEC members in 2022, standing at $311 billion
  • Iraq came second at $131 billion, followed by the United Arab Emirates with $119 billion, and Kuwait came fourth at $98 billion

Tehran, Iran— Iran has earned revenue to the tune of $54 billion last year from the export of oil, according to US Energy Information Administration (EIA) estimate.

OPEC members earned about $888 billion in net oil export revenue last year. That’s what the US Energy Information Administration (EIA) estimates in its latest OPEC Revenues Fact Sheet, which was last updated this month.

According to the sheet, Saudi Arabia had the highest net oil export revenue among OPEC members last year at $311 billion.

The fact sheet placed Iraq in second, with $131 billion, the United Arab Emirates in third, with $119 billion, Kuwait in fourth, with $98 billion, and Iran in fifth, with $54 billion, Rigzone reported.

The EIA fact sheet highlighted that Saudi Arabia also had the highest net oil export revenue in 2021 at $206 billion. Iraq was second, with $92 billion, the UAE was third, with $82 billion, Kuwait was fourth, with $68 billion, and Iran was fifth, with $40 billion, in 2021, the fact sheet outlined.

The fact sheet sees Saudi Arabia’s net oil export revenue coming in at $215 billion in 2023 and $223 billion in 2024.

Iraq’s net oil export revenue at $96 billion in 2023 and $103 billion in 2024.

The UAE’s net oil export revenue at $91 billion in 2023 and $92 billion in 2024.

Kuwait’s net oil export revenue at $74 billion in 2023 and $77 billion in 2024, and Iran’s net oil export revenue at $44 billion this year and $48 billion next year.