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28 May 2018


Iran to boost oil exports to Europe

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Iran’s oil exports will rise to 800,000 barrels per day by the next two months, says the deputy minister of petroleum.

Axar.az reports that according to Ali Kardor, currently, Iran’s oil exports to Europe stand at over half a million barrels a day.

The average of Iran’s crude oil exports stood at 2.298 million barrels per day in February, 2017, said Kardor who is also Managing Director of National Iranian Oil Company (NIOC).

If we add the country’s average gas condensate export of 700,000 barrels per day to the number, a record total export number of three million barrels will be obtained for February, he said.

Kardor went on to say that the oil production in the country would reach four million barrels at the end of Farvardin (21 March to 21 April), the first month of the Iranian calendar year.

Under the sanctions Iran’s oil production was 2.7 million barrels per day, with one million barrels heading for export markets.

Anti-Iran sanctions were lifted on January 16, 2016.

Date
2017.03.19 / 11:13
Author
Axar.az
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