Iran President Hassan Rouhani addresses a Cabinet meeting, Tehran, December 9, 2020 President Hassan Rouhani is based the Government’s 2021-2022 budget on a huge surge in Iran’s oil exports. Rouhani said at a Cabinet meeting on Wednesday that the budget, presented to Parliament, is based on sales of 2.3 million barrels per day from March 2021. “In the next year, we will have the capability to produce and sell 2.3 million bpd of oil and we will sell it,” he declared. Iran’s exports were about 2.5 million bpd in April 2018, but they fell between 80% and 95% amid comprehensive US sanctions imposed in November. In 2011, Iran’s revenue from crude oil sales was more than $110 billion. It was sharply reduced by UN and US sanctions before the 2015 nuclear deal, before recovering to $62 billion in 2018.