Iran’s Oil Sales to Reach $5 Bn in 2020

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, Iran, (File Photo: Reuters)
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, Iran, (File Photo: Reuters)
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Iran’s Oil Sales to Reach $5 Bn in 2020

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, Iran, (File Photo: Reuters)
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, Iran, (File Photo: Reuters)

Iran lost $115 billion in oil exports and non-oil revenues, and the country’s crude oil sales this year will reach five billion dollars at best, according to an Iranian economic official.

Iran’s total oil and non-oil exports will reach $35 billion this year, whereas its foreign currency expenditures amount to $50 billion annually, the chairman of Iran-China Chamber of Commerce, Majidreza Hariri, was quoted by ILNA news agency.

The official warned that his country will face a currency crisis for years if exports are not doubled, expressing concern that the income does not commensurate with spending.

Hariri indicated that statistics of the past six months show that export revenues will be $30 billion until the end of the year, noting that Iranian revenues had dropped to $10 billion, compared to $40 billion in the last year.

The Iranian official did not reveal the details of Iranian oil sales in light of the US sanctions that prevent Tehran from exporting oil.

Iranian Oil Minister Bijan Zangeneh had earlier refused to disclose details of oil exports as well.

Last June, Iran VP Eshaq Jahangiri said that his country's oil revenues fell from $100 billion to $8 billion last year.

Hariri believes that Iran will get between $35 and $40 billion at best, while foreign currency expenditures are $50 billion in the event of austerity.

He recommended reducing the government’s spending policy to be able to manage matters “in any way possible” until the end of the year.

The expert believes the government will not be able to do something under the sanctions, noting that political decisions in the country are taken by the regime. He warned that if the current situation persists, things will be more difficult in the coming year.

Last Saturday, Iranian President Hassan Rouhani said that Iran’s economy is in a better state than Germany’s, which was highly ridiculed on social media.

US President Donald Trump said last month he aims to bring Iranians back to the negotiating table due to the economic sanctions that brought Tehran on the brink of bankruptcy, indicating that the country’s GDP recorded negative growth of 24 percent.

Rouhani responded by saying the negative rate did not exceed 0.06 percent.



Human Rights Group Implicates Venezuelan Security Forces in Killings During Post-Election Protests 

A riot police officer uses tear gas against demonstrators during a protest by opponents of Venezuelan President Nicolás Maduro's government in the Catia neighborhood of Caracas on July 29, 2024, a day after the Venezuelan presidential election. (AFP)
A riot police officer uses tear gas against demonstrators during a protest by opponents of Venezuelan President Nicolás Maduro's government in the Catia neighborhood of Caracas on July 29, 2024, a day after the Venezuelan presidential election. (AFP)
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Human Rights Group Implicates Venezuelan Security Forces in Killings During Post-Election Protests 

A riot police officer uses tear gas against demonstrators during a protest by opponents of Venezuelan President Nicolás Maduro's government in the Catia neighborhood of Caracas on July 29, 2024, a day after the Venezuelan presidential election. (AFP)
A riot police officer uses tear gas against demonstrators during a protest by opponents of Venezuelan President Nicolás Maduro's government in the Catia neighborhood of Caracas on July 29, 2024, a day after the Venezuelan presidential election. (AFP)

A global human rights watchdog on Wednesday implicated Venezuelan security forces and pro-government armed groups in killings that occurred during the protests that followed the country’s disputed July presidential election.

Human Rights Watch, in a report detailing repressive measures the government unleashed after the vote, asserted that credible evidence gathered and analyzed by researchers, forensic pathologists and arms experts ties Venezuela’s national guard and national police to some of the 24 killings that took place as people protested the outcome of the election.

The organization also concluded that violent gangs aligned with the ruling party also “appear to be responsible” in some of the deaths.

Twenty-three of those killed were protesters or bystanders and one was a member of the Bolivarian National Guard.

“The repression we are seeing in Venezuela is shockingly brutal,” Juanita Goebertus, the organization’s director for the Americas, said in a statement. “Concerned governments need to take urgent steps to ensure that people are able to peacefully protest and that their vote is respected.”

The organization said it reached its conclusions regarding the killings based on interviews with witnesses, journalists and other sources; reviews of death certificates, videos, photographs; and analyses by forensic pathologists and arms experts.

Thousands of people, including minors, took to the streets across Venezuela hours after ruling party-loyal electoral authorities declared President Nicolás Maduro the winner of the election. The protests were largely peaceful, but demonstrators also toppled statues of Maduro’s predecessor, the late fiery leader Hugo Chávez, threw rocks at law enforcement officers and buildings, and burned police motorcycles and government propaganda.

Maduro and his ruling party allies, who controlled all aspects of government in the South American government, responded to the demonstrations with full force, carrying out arbitrary detentions, prosecutions as well as a campaign that encourages people to report relatives, neighbors and other acquaintances who participated in the protests or cast doubt on the results.

Among the killings detailed in the Human Rights Watch report is that of civil engineer and food truck worker Rancés Daniel Yzarra Bolívar. The organization said Yzarra Bolívar, 30, participated in the July 29 protests in the northern Venezuela city of Maracay.

A journalist told researchers the demonstration was initially peaceful, and a different witness reported protesters called for soldiers at a military compound to join them. A soldier instructed them to leave, and some did.

Researchers verified videos showing peaceful protesters as well as riot gear-clad National Guard officers arriving at the demonstration. Another video, which researchers geolocated to about 150 meters (490 feet) from the military facility, shows smoke near the compound and a person is heard saying it was 5:37 p.m. and officers were throwing tear gas to disperse demonstrators.

“At approximately 6 p.m., a bullet hit Yzarra Bolívar on the left side of his chest, a person close to him said,” according to the report. “Human Rights Watch analyzed and geolocated four videos showing Yzarra Bolívar injured and unconscious. In one verified video, taken by a journalist at 5:50 p.m. and posted 20 minutes later, two protesters are seen carrying Yzarra Bolívar to a location approximately 150 meters from the military compound. Other protesters are heard shouting ‘they killed him.’”

In the days after the election, Venezuelan security forces rounded up more than 2,000 people, including dozens of children, journalists, political leaders, campaign staffers and an attorney defending protesters. One local activist livestreamed her arrest by military intelligence officers as they broke into her home with a crowbar.

“Maduro and Attorney General Tarek Saab have said publicly that those arrested were responsible for violent events, terrorism, and other crimes,” Human Rights Watch said in the report. “However, Human Rights Watch repeatedly found cases of people arrested for just criticizing the government or participating in peaceful protests.”

The group said those arrested often have been kept incommunicado for weeks and most have been denied the right to hire a lawyer.

Unlike in previous presidential elections, the National Electoral Council did not release vote tallies backing Maduro’s claim to victory. But the main opposition coalition obtained vote tallies from more than 80% of the electronic voting machines used in the election and said its candidate, González, defeated Maduro by a 2-to-1 margin.

The lack of transparency over the results, coupled with widespread arrests that followed the anti-government protests, has drawn global condemnation against Maduro and his allies. The criticism grew Monday after a judge approved a prosecutor’s request for an arrest warrant for González.