The statistics released by the US Department of Energy showed that Iran's oil income in the first seven months of 2022 has increased as Iran exported more than 1.5 million barrels of oil per day during the period.
It is indicative of the failure of sanctions policy on Iran's oil.
The data published by the Organization of Petroleum Exporting Countries (OPEC) showed that Iran is still one of the largest oil producing countries in the world despite the illegal US sanctions.
Iran has produced 2.566mbd of crude oil in the third quarter of this year making the country the fifth-largest OPEC oil producer after Saudi Arabia, Iraq, the UAE and Kuwait.
Iran accounted for more than 8.7 percent of OPEC's total oil production during the three months. The total production of OPEC in the third quarter of 2022 amounted to 29.442mbd.
Figures by the US Energy Information Administration (EIA) show that Iran earned about $34 billion in oil exports revenues in the seven months to July.
The EIA figures showed that Iran’s oil revenues in January-July was just $5 billion lower than the country’s total crude sales in 2021.